Friday 6th of June 2025
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Headlines : * NCP calls for local elections under caretaker govt   * Proposed budget falls short on structural reform aspirations: NCP   * Analyst Tajul Islam says - While slaughtering animals, slaughter mind’s animals   * Landslide in Sylhet Kills Four from Same Family   * Supreme Court Reverses Ban, Reinstates Jamaat-e-Islami`s Registration   * Saudi Interior Ministry’s Urgent Instructions For Pilgrims To Follow   * Repent in remembrance of Hereafter & come back to the right way Analyst Tajul Islam calls to unscrupulous officers-employees   * Chinese commerce minister in Dhaka to explore trade opportunities   * Bangladesh, Japan to sign EPA by year end   * CA seeks Japan’s support in building a `New Bangladesh`  

   Country Wide
Allocation indicates that govt is not thinking about early elections: BML
  Date : 06-06-2025

Special Correspondent: The election allocation for 24 was Tk 4800 crore. However, the allocation for the Election Commission in the announced national budget for the fiscal year 2025-26 has been set at only Tk 2956 crore. Less than half the allocation against the demand of about Tk 6 thousand crore clearly indicates that the interim government is not seriously considering the public demand for early national elections. Bangladesh Muslim League President Advocate Md. Mohsin Rashid and Secretary General Kazi Abul Khair have commented in response to the budget that the needs of NGOs have been given priority over public welfare. The leaders said in a statement that the government is planning to borrow Tk 104 lakh crore from banks to meet the deficit of Tk 2.21 lakh crore in the Tk 7.9 lakh crore budget. This will put pressure on banks, some banks will go bankrupt and the country`s economy, trade and industry will be hampered.

The target of achieving 88.4% of the expected revenue of Tk 5.64 lakh crore from direct taxes, customs and VAT is unlikely to be met. The tax burden of achieving the revenue collection target will further pressure the law-abiding taxpayers, resulting in increased unemployment, closure of industries and factories, additional burden on the judiciary and a situation of pushing a section of the people below the poverty line. The lack of allocation for small and medium entrepreneurs (SMEs), lack of innovation in creating employment opportunities, and ambiguity regarding small investors and the stock market are some of the weakest aspects of the budget.

The GDP growth rate is unlikely to meet the target of 5.5%. In a word, the leaders of the century-old traditional political party has commented that this budget is meaningless unrelated to the real needs of the people and have failed to meet expectations.



  
  সর্বশেষ
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Govt tries to make budget people-oriented, business friendly: Dr Salehuddin
Sylhet rivers flowing above danger mark

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