Budget FY24: Climate financing for sustainable development
In the budget for the financial year 2023-24, the Ministry of Environment, Forests, and Climate Change has received a slightly higher allocation than the previous year.
Budget FY24: Demands by businesses not fully addressed
Most of the demands of the major trade bodies remained unmet in the proposed new budget made on Thursday.
How did citizens react to budget FY24?
The country's budget for FY24 was proposed on Thursday as Finance Minister AHM Mustafa Kamal presented the national budget of Tk 761,785 crore with the aim of maintaining ongoing development and achieving higher growth.
Budget FY24: A pro-poor budget, but questions remain
The budget for FY2023-24 comes at a crucial time, when inflation and IMF conditions have to be met.
Budget FY24: Gender allocation to focus on empowerment
An allocation of Tk 4,755 crore has been proposed for the Ministry of Women and Child Affairs in the financial year 2023-2024.
MCCI calls for addressing concerns and strengthening implementation for inclusive growth
The Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) has responded to the proposed budget for the 2023-24 fiscal year (FY) in Bangladesh.
How national budgets have evolved in Bangladesh since 1971
Finance Minister AHM Mustafa Kamal on Thursday unveiled a Tk7,61,785 crore proposed national budget for the 2023–24 fiscal year in the national parliament, with the focus on controlling growing inflation, creating employment and building a “Smart Bangladesh”.
Budget FY24: 185C proposed to allocate for ACC
The government has proposed Tk184.74 crore allocation for Anti-Corruption Commission crore for FY24.
CPD: Solutions to current economic crises insufficient in proposed budget
Both recognition and solutions to the current economic crises are insufficient in the proposed budget for FY2023-24, said Dr Fahmida Khatun, executive director of the Centre for the Policy Dialogue (CPD).
How govt will finance deficit in budget FY24
Finance Minister AHM Mustafa Kamal has announced that the proposed budget for the fiscal year 2023-24 will have a deficit of Tk2,61,785 crore (approximately $2.4 billion), which is 5.2% of the GDP.
Budget FY24: Environment ministry gets 1,638C
In the national budget for the 2023-2024 fiscal year, Tk1,639 crore has been allocated for the Ministry of Environment, Forest and Climate Change.
Budget FY24: Armed forces to get 4,527C
In the national budget for the 2023-2024 fiscal year, Tk4,527 crore has been allocated for the Armed Forces Division.
Budget FY24: Waiving duty proposed on 100 cancer medicine raw materials
The government has proposed the waiving of duty on more than 100 types of raw materials used in the production of cancer drugs in a significant move to improve access to cancer treatment.
Budget FY24 impractical, GM Quader says
Jatiya Party Chairman GM Quader on Thursday termed the proposed budget for the financial year 2023-24 impractical and election-oriented, saying that it lacks the vision to reduce the sufferings of the people caused by growing price spirals of daily commodities.
Budget FY24: Prices up, prices down
Finance Minister AHM Mustafa Kamal has proposed changes to duties on different products, which will result in an increase or decrease in their prices.
Budget FY24: Laptop prices could increase
The prices for imported laptops and computers could increase in the next 2023-2024 fiscal year, and the 15% imposed vat was not exempted.
The highlights of the proposed budget for 2023-24 fiscal year are following: Total proposed budget-- Tk7,61,785 crore which is 15.2% of the GDP growth.
Budget FY24: Wing to be established to facilitate Delta Plan implementation
The government will establish Delta Wing in the country to facilitate the implementation of the Delta Plan.
Budget 2023-2024: Govt allocates 699C for cultural affairs
Finance Minister AHM Mustafa Kamal, in his budget speech on Thursday, proposed an allocation of Tk699 crore that has been earmarked for the country's cultural sector.
Awami League hails proposed budget FY24
Leaders of Awami League (AL) and its associate bodies on Thursday held processions and rallies at various wards and thanas in the city hailing the proposed national budget for fiscal 2023-24.
Budget FY24: Forex reserves situation to improve soon, finance minister says
Finance Minister AHM Mustafa Kamal on Thursday said he is highly optimistic about improving foreign exchange reserves of Bangladesh in a short period of time.
Budget FY24: Cosmetics to become pricier
Wedding ceremonies in Bangladesh are set to become more expensive as a price hike is expected for cosmetics, including wedding accessories.
AmCham: Focus on crisis management
The American Chamber of Commerce in Bangladesh (AmCham) in an instant reaction to the proposed budget on Thursday recommended focusing on a “crisis management contingency approach” in the wake of the global crisis.
Budget FY24: 1,942C allocated for law ministry
In the national budget for the 2023-2024 fiscal year, an increased allocation of Tk1,942 crore has been set for the Ministry of Law, Justice and Parliamentary Affairs.
Budget FY24: 1,309.86C proposed for sports
Finance Minister AHM Mustafa Kamal has allocated Tk1,309.86 crore for the development of youth and sports in the proposed budget of 2023-24 fiscal year.
Quader: Budget prepared keeping common people in mind
Awami League General Secretary Obaidul Quader said the proposed budget for the 2023-24 fiscal year has been prepared keeping the common people in mind.
Budget FY24: Proposal made to exempt tax on agricultural machinery
Finance Minister AHM Mustafa Kamal has proposed an exemption of advance tax on agricultural machinery to reduce the production cost of agricultural machinery for the national budget 2023-204 fiscal year.
Kamal: Umbrella investment program being designed to make Dhaka rivers pollution-free
Finance Minister AHM Mustafa Kamal on Thursday said the government is designing an umbrella investment program to make the five rivers surrounding Dhaka city pollution-free aiming to turn Dhaka city into a livable one.
Budget FY24: 1,050C proposed for Information and Broadcasting Ministry
The government has proposed allocating Tk1,050 crore for the Ministry of Information and Broadcasting in the national budget for the financial year (FY) 2023-24 which was Taka 1,375 crore in the revised budget for FY 2022-23.
Budget FY24: Govt targets to get 2,800 child labourers out of vulnerable sectors
The National Budget 2023-24 fiscal year targeted of eliminating 2,800 child labour from vulnerable sectors.
BNP: It's undoubtedly a smart budget for plundering public money
BNP on Thursday described the national budget for the 2023-24 fiscal year as a smart one for plundering public money.
Budget FY24: Sanitary napkins may become affordable
The national budget for the 2023-2024 fiscal year proposes to decrease the price of sanitary napkins and diapers for babies.
Budget FY24: Home ministry gets 1,074C more allocation than previous year
A total of Tk29,858 crore has been proposed for the Public Security and Security Service divisions under the Home Ministry in the proposed budget for the 2023-24 fiscal year, up by Tk1,074 crore, from the outgoing fiscal year 2022-23.
Budget FY24: No new allocations for freedom fighters
There is no new allocation or update for freedom fighters in the new 2023-2024 fiscal year budget.
Budget FY24: 100C kept to help prepare youths, women for building Smart Bangladesh
Finance Minister AHM Mustafa Kamal on Thursday said a special allocation of Tk100 crore has been kept in the next budget for research, innovation and development work to prepare the driving force- the youth and women for building a “Smart Bangladesh”.
Budget FY24: Defence allocation increases by 4.3%
The allocation for the Defence Ministry in the proposed budget for fiscal year 2023-24, has been increased by Tk1,735 crore, a 4.29% increase, from that of the outgoing fiscal 2022-23.
Budget FY24: Vaping to get costlier
The import duty on e-cigarettes has been increased five times in the proposed budget for the 2023-24 fiscal year (FY).
Budget FY24: Bicycles to get costlier
In the proposed national budget for the 2023-24 fiscal year, Finance Minister AHM Mustafa Kamal has proposed to increase the import duty of bicycle parts.
Budget FY24: Law enforcement agencies get 25,696C
Law enforcement agencies have received a Tk25,696 allotment in the proposed budget for the 2023-24 fiscal year as the Public Security Division of the Ministry of Home Affairs.
1,813C proposed for fisheries and livestock in budget FY24
The government has proposed Tk1,813 crore for the fisheries and livestock sector in the national budget of 2023-24 fiscal year.
Finance minister: Digital bank to be set up within next fiscal
Finance Minister AHM Mustafa Kamal on Thursday said that a digital bank would be set up within the next fiscal year to broaden and accelerate financial inclusion efforts.
Budget FY24: Biryani could get costlier
The government has proposed to impose a 15% VAT on basmati rice.
Budget FY24: Travel tax increased
The government has increased the tax on foreign travel in the proposed budget for the 2023-24 fiscal year.
Budget FY24: Transport sector gets 87,629C
The allocation for the transport and communication sector in the proposed budget for the 2023-24 fiscal year has been set at Tk87,629 crore.
Finance minister explains why imports had to be reined in
The current account deficit increased from US$ 4.58 billion in FY 2020-21 to US$ 18.6 billion in FY 2021-22 due to increase in import expenditure in the external sector and decline in remittances.
Budget FY 24: Land registration tax in Dhaka, Chittagong increased
Land registration tax in Rajdhani Unnayan Kartripakkha (Rajuk) has been increased from 3% to 4% in the proposed national budget for 2023-24 fiscal year.
Budget FY24: Price of tissue paper go up
In the proposed budget for the 2023-24 financial year, it is proposed to increase the price of towel tissue, toilet tissue and face tissue.
Budget FY24: Broadband internet price to decrease
In the national budget FY2023-24, Finance Minister AHM Mustafa Kamal has proposed to slash VAT in excess of 5% at the production stage on optical fiber cable till June 30, 2024.
Budget FY 24: Master plan to build load-shedding-free Bangladesh
The government has proposed a power generation master plan to make Bangladesh load shedding free. As part of this ambitious endeavour, a budget of Tk34,819 crore has been proposed for the Power and Energy sector.
Budget FY24: Home appliances price not to go up
The prices of home appliances including refrigerator, washing machine, microwave oven, among others, would not go up as suggested in the 2023-2024 fiscal year.
Budget FY24: Price of sweets to go down
The price of sweets may come down in the proposed budget for the 2023-24 fiscal year.
Budget FY24: Smartphones to get more expensive
In keeping with the previous budget of FY23, the prices of locally assembled smartphones will increase further with the implementation of the new budget for FY24.
Prices of imported software to go up
The prices of imported software are expected to increase as the import duty has been increased from 5% to 25% in the proposed budget for the next 2023-24 fiscal year.
Budget FY24: No changes made to corporate tax rates
Finance Minister AHM Mustafa Kamal on Thursday said that the government wanted to keep corporate tax rates unchanged for the upcoming FY24 as well.
People with no income still have to pay Tk2,000 to collect tax returns
Finance Minister AHM Mustafa Kamal on Thursday proposed a minimum Tk2,000 tax on people, who do not have taxable income, but will still file tax returns.
Budget FY24: Cash-based social security programs to come under electronic fund transfer
The government has planned to bring the payments of all cash-based social security programs under the electronic fund transfer system from the coming fiscal year.
Budget FY24: Cashew nuts, dates likely to get more expensive
Finance Minister AHM Mustafa Kamal has proposed increasing the total tax incidence (TTI) on the import of shelled cashew nuts from 15.25% to 43% and imposing 25% customs duty and 15% VAT on both fresh and dried dates at the import stage.
Budget FY24: Imported elevators, escalators price may go up
The price of imported elevators and escalators may increase in the proposed budget of 2023-24 fiscal year.
Budget FY24: Four satellite cities planned around Dhaka
The government has taken an initiative to build four satellite cities around the capital, Finance Minister AHM Mustafa Kamal said on Thursday.
Universal pension system to be rolled out from FY24
Finance Minister AHM Mustafa Kamal on Thursday said the government has planned to launch universal pension system from FY24.
Budget FY24: Sunglass prices may increase
The government has proposed to imposed 7% VAT on plastic and metal sunglasses at the production and service level. As a result, the prices of all types of eyewear are expected to escalate.
Budget FY24: 2,63,000C allocated for ADP
The size of the Annual Development program (ADP) for the next fiscal year (FY24) totaled Tk2.63 lakh crore having the highest allocation of Tk75,945 crore (28.88% of allocation) in the transport and communication sector.
Budget FY24: Which items will be more affordable?
Finance Minister AHM Mustafa Kamal has proposed changes to duties on different products, which will result in a decrease in their prices.
What is offered to expatriates in budget FY24?
The national budget for the 2023–24 fiscal year has nothing to offer for expatriate workers.
Budget FY24: Govt forming strategy to turn Bangladesh into developed country, finance minister says
Finance Minister AHM Mustafa Kamal on Thursday said the government is working out a strategy to transform Bangladesh into a developed nation as envisioned by Prime Minister Sheikh Hasina bearing in mind the outline of Smart Bangladesh.
Budget FY24: Luxury car prices to rise further
In the coming fiscal year, new taxes on luxury vehicles could be imposed. This may cause luxury car costs to rise even further.
Finance minister: Use of cash to reduce by 75% in 4yrs
Finance Minister AHM Mustafa Kamal on Thursday said the rate of cash usage is expected to reduce by 75% in the next four years.
Budget FY24: Duty on bringing in gold bars from abroad doubled
The duty on bringing in gold bars (per 11.664 grams) has been increased from Tk2,000 to Tk4,000 in the proposed budget for the financial year 2023-2024.
Budget FY24: Climate-related allocation decreases slightly
Finance Minister AHM Mustafa Kamal on Thursday proposed Tk37,052 crore as a climate-related allocation in the budget for the 2023-24 fiscal year.
Budget FY 24: Power and energy sector gets allocation of 34,819C
The government has proposed a budget of Tk34,819 crore for Power and Energy sector in the next FY2023-24.
Budget FY24: Foreign ministry gets 1,657C allocation
The allocation for the foreign ministry in the proposed budget for the 2023-24 fiscal year has been set at Tk1,657 crore.
Minister: Per capita income will be $12,500 if Smart Bangladesh implemented
Finance Minister AHM Mustafa Kamal on Thursday said Bangladesh's per capita income would increase to $12,500 if Smart Bangladesh is implemented.
Budget FY24: Price of pen to increase
The price of pens may see a hike in the proposed budget for the 2023-24 fiscal year.
Budget FY24: Tk13.75 import duty on per litre of petrol, octane, diesel proposed
The government has proposed to impose a new duty of Tk13.75 per liter on the import of petrol, octane and diesel.
Regulatory, supplementary duty withdrawn on import of 425 types of goods
As part of the tariff rationalization efforts, the budget proposal for the fiscal year FY2023-24 includes the withdrawal of regulatory duty and supplementary duty on 191 categories of apparel and 234 categories of fish imports, respectively.
Finance minister: Annual average inflation expected to stand at around 6%
Finance Minister AHM Mustafa Kamal has said that annual average inflation is expected to stand at around 6%.
FY24: Ministry of Science and Technology gets 13,607C
In the proposed 2023–24 fiscal year budget, the Ministry of Science and Technology may get Tk13,607 crore.
Budget FY24: Which items will get costlier?
Finance Minister AHM Mustafa Kamal has proposed changes to duties on different products, which will result in an increase or decrease in their prices.
Liquefied Natural Gas (LPG) prices have been slashed at the consumer level.
FY24: 88,162C budget proposed for education sector
The government has proposed a budget of Tk88,162 crore for the education sector in the budget for the 2023-2024 fiscal year, up from Tk81,449 crore in the current fiscal year – an increase of Tk6,713 crore.
Budget FY24: 1,26,272C allocation proposed for social security program
The government has allocated Tk1,26,272 crore for for the social security program in the proposed budget for the FY24 despite rising inflation and soaring commodity prices.
Budget FY24: Cigarettes, vapes to become costlier
The government plans to increase cigarette and vape prices in order to reduce tobacco product consumption and maximize revenue collection from this sector.
Budget FY24: Election Commission's allocation raised by 868C
The total budget for Election Commission has been increased by Tk868 crore in the election year.
Budget FY24: 35,374C proposed for agriculture sector
Finance ministry has proposed to allocate Tk35,374 crore for the agriculture sector (agriculture, food and fisheries and livestock) for the 2023–24 fiscal year in the national parliament.
Finance Minister AHM Mustafa Kamal on Thursday predicted Bangladesh's gross domestic product (GDP) growth at 7.5%.
Budget FY24: Govt raises tax-free income limit to 3.5L
Finance Minister AHM Mustafa Kamal has proposed increasing the tax-free income limit to Tk3.5 lakh from Tk3 lakh for individual taxpayers for FY24.
Separate allocation of Tk4,000 crores have been made for the first time for financial risk management in the national budget for 2023-24 fiscal year.
Finance Minister AHM Mustafa Kamal on Thursday said the overall budget deficit for the fiscal year 2023-24 will be Tk261,785 crore.
Budget FY24: 38,052C allocation proposed for health sector
An allocation of Tk38,052 crore has been proposed for the health sector in the budget for 2023-24 fiscal year.
Finance minister unveils 7,61,785C budget for FY24
Finance Minister AHM Mustafa Kamal on Thursday unveiled a Tk7,61,785 or approximately crore proposed national budget for the 2023–24 fiscal year in the national parliament.
FY24: Bangladesh's budget in history
Finance Minister AHM Mustafa Kamal is set to place the national budget for the 2023-24 fiscal year at the parliament on Thursday.
Cabinet approves National budget for FY24
The Cabinet has approved the proposed national budget for the 2023-24 fiscal year.
What is the main focus of FY24 budget?
The first budget on the road to building a Smart Bangladesh is the budget for the fiscal year 2023-2024.
Kamal: Budget FY24 is for the poor
Finance Minister AHM Mustafa Kamal on Thursday said the budget for the 2023-24 fiscal year is for the poor.
Budget FY24: 40 mega projects planned for Smart Bangladesh
The upcoming national budget for the fiscal year 2023-24, crafted under the slogan “Across the long journey of development, towards Smart Bangladesh,” will include 40 new mega projects.
New budget prepared to manage inflation, revenue and IMF conditions
Poor and lower-income groups faced hard realities as a result of last year's high commodity prices. With such severe inflationary pressure, the government's major concerns in finalizing the FY24 budget are limited revenue income and compliance with IMF loan requirements.
Kamal to place 7,61,785C budget for FY24 aiming at building Smart Bangladesh
Finance Minister AHM Mustafa Kamal will place the national budget of over Tk7,61,000 crore for the next fiscal year (FY24) at the Jatiya Sangsad on Thursday with the main philosophy of turning Bangladesh into a happy-prosperous, developed Smart Bangladesh by 2041.