Rejaul Karim Byron

1 month ago | thedailystar.net | Rejaul Karim Byron

Allowances, however, to increase by only Tk 50 to Tk 100 The government will increase the number of beneficiaries of various social safety net schemes by at least 10 lakh from fiscal year (FY) 2025-2026, but allowances will see a small increase, although poor groups have been facing stubbornly high inflation for years. The finance ministry, after consultation with relevant ministries, has drafted a plan to increase the number of beneficiaries and the monthly allowance.

1 month ago | thedailystar.net | Rejaul Karim Byron

The government's subsidy burden for power and fertiliser is set to increase by 57.9 percent to Tk 90,000 crore in the revised budget for this fiscal year as it looks to keep energy and agricultural inputs affordable amid high inflation. Fertiliser subsidy will increase to Tk 28,000 crore in the revised budget, up by 64.7 percent from the original. Power subsidy will rise by 55 percent to Tk 62,000 crore. The subsidy for liquefied natural gas (LNG) will remain unchanged at Tk 6,000 crore.

1 month ago | thedailystar.net | Rejaul Karim Byron |Asifur Rahman

The interim government is planning to prepare a small budget with a 6 percent GDP growth target for the next fiscal year considering the sluggish economy and low revenue collection. Officials said the finance ministry has already started working to this end after receiving directives from the chief adviser, with Finance Adviser Salehuddin Ahmed set to begin pre-budgetary meetings with different stakeholders from next week.

1 month ago | thedailystar.net | Rejaul Karim Byron |Asifur Rahman

Revenue collection fell significantly short of the International Monetary Fund's (IMF) target in the first six months of the current fiscal year, with the floor for the fourth instalment of an ongoing $4.7 billion loan programme proving too ambitious. The government raised Tk 162,892 crore in total revenue, including from both National Board of Revenue (NBR) and non-NBR sources, according to finance ministry data, missing the IMF's target to collect Tk 215,120 crore by Tk 52,228 crore.

1 month ago | bangladeshchronicle.net | Rejaul Karim Byron |Asaduz Zaman

Sun Mar 9, 2025 12:00 AMLast update on: Sun Mar 9, 2025 10:14 AMThe interim government is set to increase its allocation for food subsidies by nearly 12 percent, raising the total to Tk 8,100 crore, to intensify food distribution programmes and provide a cushion to low-income groups. The move was prompted by production losses from two rounds of flash floods last year and persistent inflation, which has hovered above nine for 24 straight months.