Hossain Zillur Rahman, another former caretaker government adviser, emphasised the need for tact, honesty and prudence in policymaking during the transition from a group of least developed countries (LDCs). He did not find these qualities in the proposed budget. He said, “The youth are disappointed with the country. Nearly 50 percent of them do not […]
This change in Awami League politics, where the interests of businessmen are given priority and importance, did not happen overnight. The process has been accelerated by its 15 years in power. This change gradually reached its peak and became visible when the value of people's votes decreased. With poll-less elections and votes cast the night […]
He said that although the government is giving special facilities to tax evaders, it cannot discriminate against regular and honest taxpayers. The opportunity to convert black money into white by paying 15 percent tax is discriminatory and unethical. Noor Mohammad further said that the stock market has been going through the worst phase in its […]
Data from the Washington-based Global Financial Integrity (GFI) shows that at least US$8.27 billion (910 billion taka) has been looted from Bangladesh under the guise of international trade from 2009 to 2015. This much money has been looted by overstating the import of goods and understating the export of goods. It is difficult to get […]
He described the budget as realistic and implementable, but stressed the need for good governance and proper monitoring to overcome the challenges. Further, he emphasized on clear direction and planning in the budget to enhance efficiency, transparency, accountability and overall monitoring standards. The IBFB expressed concern about the inflation target set in the proposed budget. […]
Soon after the budget announcement, a delegation led by TOAB president met FBCCI president Mahbubul Alam and discussed the withdrawal of the proposed VAT on tour operator services. Mohammad Rafiuzzaman drew the attention of journalists to this so that this demand of TOAB would attract the attention of the concerned authorities. Among others, former Bangladesh […]
Commenting on there being nothing new in the proposed budget, Salehuddin Ahmed said, “The budget has been presented in challenging times. But I don't see anything new in it. The figures from the previous budget have just been shuffled around. It is being said that the budget is contractionary, but if you look at the […]
Fundamental weaknesses have been exposed in the entire economic system. Comprehensive qualitative changes are required, otherwise it will not be possible to overcome the crisis. Wahiduddin Mahmud raised the question whether any such initiative was taken from the highest level of the government. The government is continuously taking foreign loans. Expenditure on interest has increased […]
Prothom Hello , This is the fourth term of the Awami League and the first budget of the new finance minister. What is new in this budget? Broadly, how would you evaluate it? There were a lot of expectations from this budget. Our economic problems or crisis, whatever you call it, have been going on […]
Where was taxpayers' money spent
BNP Secretary General Mirza Fakhrul Islam Alamgir on Saturday alleged that the proposed budget for the fiscal year 2024-25 has made provision for a fresh plunder of the country's wealth. Speaking at a seminar, he accused Prime Minister Sheikh Hasina of covering up the possibility of money laundering by making a remark about using bait […]
The proposal to convert black money into white money in the new budget is being criticized the most. Despite giving special facilities to tax evaders, the government cannot discriminate against honest taxpayers. While they are paying a maximum of 30 per cent tax, people with black money will be exempted from only 15 per cent […]
No problem with CPD, TIB's response to budget: Obaidul Quader
So it is clear that the amount embezzled by loan defaulters living a life of comfort and luxury is equal to the tax burden falling on the shoulders of people struggling to survive throughout the year. A common man has to pay 15 percent VAT, and these loan defaulters can pay 15 percent tax to […]
The minister said, “We have taken all steps to control inflation, and are looking at what more we can do to rein in inflation.” He also said that contractionary measures will continue for now. Aiming to tackle inflation, the Finance Minister on Thursday presented the proposed national budget of Tk 7.97 trillion for the fiscal […]