Rejaul Karim Byron

The government’s ambition to build a trillion-dollar economy by 2034 will remain out of reach without urgent reforms in banking, taxation, and business costs, as the country’s current economic structure is too weak to sustain the level of growth required, a leading economist said.

Eight projects have been identified for repurposing, and officials expect funds by June once respective ministries complete technical procedures and send proposals to the WB

Debt servicing, subsidies, and electoral pledges will make the upcoming fiscal year’s budget large in both expenditure and revenue collection.

The government is set to implement the much-anticipated Padma barrage project at an initial cost of Tk 33,474 crore, aimed at reviving five major river systems and storing 2,900 million cubic metres of water in the Padma river.

Planning Division proposes Tk 3 lakh crore development budget for FY27

The Farmers’ Card, monthly honorariums for July victims, and allowances for mosque and other religious institution workers will be part of social safety net programmes from next fiscal year, as the BNP-led government forges ahead with its election pledges despite a tight fiscal space.

The social welfare ministry has drawn up an ambitious plan to implement the Family Card programme, a major electoral pledge of the new government, involving an outlay of Tk 1,34,000 crore over four years.

NBR will have to collect Tk 6,04,000cr

Tk 3 lakh crore borrowed during the interim government

About Tk 35,000 crore is likely to be allocated in the upcoming fiscal year’s budget for the partial implementation of the new pay scale for government officials, pensioners and MPO-listed teachers and staff.

Bangladesh is expecting $3 billion in budget support by the middle of June from five multilateral and bilateral lenders, including the World Bank, in what would provide a sigh of relief to the government from the financial pressure triggered by the Middle East war.

The Asian Development Bank (ADB) has proposed a 20-year development plan involving about $79 billion to build a major economic corridor from Teknaf to Tentulia with the view to decongesting Dhaka and Chattogram, in line with the BNP’s election manifesto.

The finance ministry has found a host of anomalies in the pilot of the Family Card programme, as the government seeks to iron out irregularities and ensure the BNP’s flagship social welfare initiative can withstand the scrutiny of development partners.

Three years after launch and with 99 percent of its budget unspent, a nearly Tk 1,700 crore customs modernisation project is set to be presented to the Executive Committee of the National Economic Council (Ecnec) today with a proposal to extend its deadline and raise costs by nearly 40 percent.

The government plans to set up at least one Urban Primary Health and Nutrition Centre in every ward of Dhaka North, Dhaka South, and Chattogram city corporations for residents deprived of care due to fragmented delivery of services.

Bangladesh is eyeing $2 billion in emergency aid from the IMF’s Rapid Financing Instrument (RFI) window to cushion the economic shock stemming from the Middle East war.

Bangladesh and the International Monetary Fund are locked in new disagreements over the country’s economic programme, with tensions centring on social spending, revenue mobilisation, exchange rate policy, and the pace of financial sector reforms.

Officials in the 11-member delegation said Bangladesh pressed for additional funds to cover the shortfall caused by the energy crisis, beyond regular budget support

A high-level advisory committee, formed by the Planning Commission to develop a sustainable development strategy, plans to recommend the government introduce a bicameral parliament, reinstate the caretaker government system, and ensure media freedom.

Bangladesh will need an additional $2.61 billion in foreign exchange to pay the surging energy and fertiliser import bills for March-June period.