Bangladesh proposed national budget for FY 2023-24: It is not clear how the money needed to implement this ambitious budget will be sourced. Such an increase in expenditure without the cost provision of money is a cause for concern. This concern has intensified against the backdrop of international credit rating agency Moody's downgrading the sovereign rating of Bangladesh.
The revenue collection growth decelerated to 12.63 per cent in Bangladesh in the first quarter of the current fiscal year, driven by the cost-of-living crisis at home and abroad, narrowing the fiscal space for the government, official figures showed.