As the budget is set each year, the masses hope for the prices of daily necessities to decrease.
For FY25, the prices of several spices, including ginger, turmeric, cardamom, cinnamon and cloves, are set to go down, as outlined in the proposed budget for the fiscal year 2024-2025.
This price decrease is especially welcome with Eid-ul-Adha approaching.
To stabilize the market for essentials and curb high inflation, the tax at source on the supply of at least 30 essential commodities and food grains has been reduced from 2% to 1%.
Finance Minister Abul Hassan Mahmood Ali presented the proposed budget for the 2024-2025 fiscal year amounting to Tk797,000 crore (Tk7.97 trillion) in parliament on Thursday.
This was his first budget unveiling and the first budget after the reelection of the Awami League government in January.