Budget to rein in inflation, raise remittance and exports

State Minister for Finance Waseqa Ayesha Khan, has said that the budget for 2024-25 will emphasise on controlling inflation and boosting remittance and exports.

She said this while speaking as chief guest at a pre-budget roundtable discussion, at a local hotel on Tuesday organized by Institute of Cost and Management Accountants of Bangladesh (ICMAB) to recommend its budget proposals for 2024-25.

She further said the government is also working to create an investment-friendly environment ensuring uninterrupted electricity and power supply.
She also said the government will also continue to focus on infrastructural, ICT and human resource development, and short- and long-term revenue strategy to achieve sustainable economic growth.

Other speakers at the event also highlighted the need for nuanced adjustments in fiscal and monetary policies to address issues such as exchange rate stability, currency policy, and balancing export-import dynamics.

The discussion also focused on importance of encouraging household savings, broadening the tax base, enhancing reserve buffers, and controlling the prices of daily commodities.

Professor Dr. Mohammed Farashuddin, former governor of Bangladesh Bank, Dr. Ahsan H. Mansur, executive director of Policy Research Institute (PRI) and Mahbubul Alam, president of FBCCI, participated in the discussion as the special guests.

The discussion was inaugurated by Prof. Dr. Md. Salim Uddin FCMA, President of ICMAB, and moderated by Arif Khan FCMA, past president and current council member of the institute.