Govt puts inflation control, revenue reform, fiscal restraint at the heart of its economic plan
Budgetary spending increased by 17.5 percent year-on-year in the first nine-month period of the current fiscal year of 2024-25, mainly due to a rise in spending on interest payments and subsidies.
Bangladesh’s gross domestic product is projected to surpass the $500 billion mark for the first time in the upcoming fiscal year contingent upon exchange rate stability.
Three mega projects will get special focus in the upcoming development budget with the view to providing cheaper electricity, easing Dhaka dwellers’ transportation problem and enhancing international trade for Bangladesh.
Bangladesh’s GDP grew by 3.97 percent this fiscal year, the slowest in 34 years excluding the pandemic, on the back of lower growth in the agriculture and service sectors.
As much as Tk 122,000 crore is expected to be allocated for interest payment in the budget for the upcoming fiscal year, which is about 22 percent of the total revenue budget.
The interim government expects the country’s gross foreign exchange reserves to rise to $34.4 billion by the end of the fiscal year (FY) 2025–26, buoyed by strong remittance inflows, export performance, and budgetary support from development partners.
The budget for fiscal 2025-26 is likely to be smaller than the current year’s outlay, but subsidy spending is expected to remain almost unchanged at Tk 1,15,741 crore.
Govt puts inflation control, revenue reform, fiscal restraint at the heart of its economic plan
Budgetary spending increased by 17.5 percent year-on-year in the first nine-month period of the current fiscal year of 2024-25, mainly due to a rise in spending on interest payments and subsidies.
Bangladesh’s gross domestic product is projected to surpass the $500 billion mark for the first time in the upcoming fiscal year contingent upon exchange rate stability.
Three mega projects will get special focus in the upcoming development budget with the view to providing cheaper electricity, easing Dhaka dwellers’ transportation problem and enhancing international trade for Bangladesh.
Bangladesh’s GDP grew by 3.97 percent this fiscal year, the slowest in 34 years excluding the pandemic, on the back of lower growth in the agriculture and service sectors.
As much as Tk 122,000 crore is expected to be allocated for interest payment in the budget for the upcoming fiscal year, which is about 22 percent of the total revenue budget.
The interim government expects the country’s gross foreign exchange reserves to rise to $34.4 billion by the end of the fiscal year (FY) 2025–26, buoyed by strong remittance inflows, export performance, and budgetary support from development partners.
The budget for fiscal 2025-26 is likely to be smaller than the current year’s outlay, but subsidy spending is expected to remain almost unchanged at Tk 1,15,741 crore.
The interim government is likely to introduce a transparent system for social safety net schemes in the upcoming budget, increasing the number of beneficiaries by around 10 lakh while slashing one-third of the existing programmes.
The government plans to raise the food subsidy allocation by 31 percent to Tk 9,500 crore in the upcoming fiscal year, aiming to ensure access to affordable food for poor and low-income households.
