Different chamber bodies in separate statements have said the target of 7.2 per cent GDP growth for the next financial year is ambitious and judging on previous experience it looks unlikely to be achieved. The success of this huge budget will depend on
fiscal 2013-14
Budget failed to address institutional investors: CSE
The Chittagong Stock Exchange on Saturday said the proposed budget for the financial year 2013-14 offered some incentives for the retail investors but failed to address the need of the institutional ones. ‘On the whole the budget is as usual but it could
Muhith budget tows populist line in poll year
Finance Minister AMA Muhith, on Thursday, unveiled a Tk. 222,491 crore populist budget for the 2013-14 fiscal year, in Jatiya Sangsad, by avoiding imposition of any significant tax burden and by expanding social safety net programmes. The budget, having a deficit of 4.6 per cent, eyes 7.2 per cent GDP growth for the next fiscal ... Read more
Budget in the eyes of leading economists
Prominent economist Mirza Azizul Islam has described the prevailing political uncertainty in Bangladesh as the main hurdle in achieving the goals prescribed in the budget proposals placed before Parliament on Thursday. “If the present political uncertainty is not resolved, most of the goals prescribed in the budget proposals are not likely to be achieved. We ... Read more
FBCCI calls budget ‘growth-oriented’
Terming the proposed budget for the fiscal year 2013-14 as growth-oriented, investment and business-friendly, Bangladesh’s apex trade body, the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), said that the implementation of the budget would largely depend on the country’s political stability. Finance minister AMA Muhith presented the
People’s aspirations, hopes not reflected in budget: BNP
Opposition Bangladesh Nationalist Party has said the hopes and aspirations of the people have not been reflected in the proposed budget for fiscal 2013-14. Giving an instant reaction to reporters at the media centre at Parliament soon after the placement of the national budget for fiscal 2013-14, BNP leader MK Anwar said the prices of ... Read more