Budget deficit narrows to 3.6pc of GDP for FY'26

The budget deficit for the fiscal year 2025-26 has been proposed to be narrowed to 3.6 per cent of the country's gross domestic product (GDP) despite rise in the payments of both debt and interest. "…Our overall budget deficit will remain at a tolerable level. In the proposed budget for...

Read more

Tk 530 billion cut proposed in revised budget for FY25

Amid the country's persisting economic downturn, the government has proposed a cut in the national budget for the outgoing fiscal year (FY) 2024-25 by Tk 530 billion to Tk 7.44 trillion.Although the overall budget outlay is going to be reduced due to a significant cut in the development expenditure, the...

Read more

Cotton, MMF yarn prices to rise

Finance Adviser Dr Salehuddin Ahmed on Monday proposed increasing the price of certain products at the production stage, including cotton yarn and yarn made of man-made fibre (MMF).In the proposed budget for the financial year 2025-26, he said that the specific tax amount at the production stage of cotton yarn...

Read more