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Proposed budget for FY 25 to help bring stability in economy: lawmakers ========== Lawmakers in Bangladesh have stated that the proposed budget for the fiscal year 2024-25 aims to curb inflation and bring stability to the country's economy. The budget, unveiled by Finance Minister Abul Hassan Mahmood Ali, sets a GDP growth target of 6.8 percent and includes significant allocations under the Annual Development Programme (ADP). The budget imposes a one percent duty on imported goods to help control rising inflation. Lawmakers have criticized the economic development during the military regimes led by General Zia and General Ershad. The proposed budget aligns with the government's electoral manifesto and focuses on controlling the price of essentials. It also reduces taxes on thirty items to bring the price of daily essentials under control. The budget allocates Taka 1,36,026 crore for FY25 under safety net programs to bring more people under their coverage. The proposed budget is titled "March towards Smart Bangladesh Following the Path of Sustainable Development" and is 4.6 percent larger than the current fiscal year's budget. Lawmakers have praised the budget for its focus on containing inflation, generating employment, and developing the blue economy. However, some have expressed concerns that the allocation under social safety nets did not increase for the people. The budget has been welcomed by lawmakers from various parties who participated in the general discussion at the Jatiya Sangsad. The budget is seen as crucial for the micro-economy and emphasizes the development of a smart Bangladesh, given the emerging challenges posed by the ongoing Ukraine-Russia war and Hamas-Israel-Palestine conflict. The discussion also paid tribute to the memory of Father of the Nation Bangabandhu Sheikh Mujibur Rahman and other national leaders and martyred Freedom Fighters. #Bangladesh #Budget #Economy #Inflation #Development #SafetyNets https://www.bssnews.net/news/196214