Govt planning to present revised budget by February: Wahiduddin Mahmud | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Tuesday
June 10, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
TUESDAY, JUNE 10, 2025
Govt planning to present revised budget by February: Wahiduddin Mahmud

Bangladesh

UNB
23 December, 2024, 08:05 pm
Last modified: 23 December, 2024, 08:14 pm

Related News

  • Rizvi questions govt preparedness over new Covid variant spread
  • Bangladesh reports 5 more Covid-19 cases
  • BNP to stay on streets until Dec election demand met: Gayeshwar
  • DMTCL urges Metro passengers to wear masks amid rising Covid-19 cases
  • DMP conducts special security drill ahead of Bangladesh-Singapore football match

Govt planning to present revised budget by February: Wahiduddin Mahmud

He said once the revised budget is passed, the Bangladesh Bank will be able to implement its monetary policy

UNB
23 December, 2024, 08:05 pm
Last modified: 23 December, 2024, 08:14 pm
Education and Planning Adviser Wahiduddin Mahmud. File Photo: Collected
Education and Planning Adviser Wahiduddin Mahmud. File Photo: Collected

The interim government would announce the revised budget for the 2024-25 fiscal by February, Planning Adviser Dr Wahiduddin Mahmud said today (23 December).

"It would be better to announce it by end of January, Time has come to coordinate monetary policy, budgetary policy and annual development budget and prepare a revised budget. We are trying to do that by end of January or in February so that everyone could be benefitted," he said while briefing reporters after the ECNEC meeting at his ministry conference room.

He said once the revised budget is passed, the Bangladesh Bank will be able to implement its monetary policy, the Finance Ministry will know where to put the budget deficit, or how much foreign aid will be needed. 

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

The Planning Ministry will be able to plan to quickly complete the projects in its hands, said the adeviser.

He commented that if employment is not increased, the suffering of the people will not be reduced.

He noted that the revised budget is typically prepared by the end of March, coinciding with the conclusion of the third quarter.

"This budget [current budget for 2024-25 fiscal] is not prepared by us, the previous government formulated it. We want to revise this budget prior to that time [March]," he said, signaling what may be more of an emergency budget

But he said for that, the interim government needed some estimations like revenue collection from NBR and foreign aid flows.

"This will be needed to put the budget deficit at a tolerable level and revise the development budget," he said.

The adviser mentioned that the burden of coordination has come on the development budget.

"We have to keep others intact. For sake of overall stability we cannot formulate higher deficit budget."

Dr Wahiduddin Mahmud, who also oversee the education ministry, said there are so many demands from the public servants, to mitigate those there are issues like increasing salaries and allowances, and dearness allowances.

"So, it is difficult to put limit on the revenue expenditure. Therefore, we have to reduce the development budget," he said.

But he mentioned that the reduced development budget does not mean that it would affect the growth in the economy.

"For the poverty reduction and employment it does not required heavy investment locally or especially in the rural areas. It requires the development projects to provide employment and benefit the local people."

The adviser also said that the size of the budget is not important, the important thing is that the projects benefit the people, create employment and providing positive results in the livelihood of the people.

Regarding containing inflation at a tolerable level, the Adviser said that the government has been unable to reduce the inflation to a great extent.

"We have to reduce the inflation to maintain the macroeconomic stability. Remittances inflow is increasing, that is very good news. The balance of payments has returned to positive. Only inflation is yet to come down to a tolerable level."

He said that Bangladesh Bank through its contractionary monetary policy and credit policy is trying to control inflation.
 

Top News / Budget

Dr Wahiduddin Mahmud / Bangladesh / Budget

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Chief Adviser Muhammad Yunus leaves for a four-day visit to the United Kingdom from the Dhaka airport on 9 June 2025. Photo: CA Press Wing
    CA Yunus leaves for UK; discussion expected on renewable energy investment, laundered money
  • Donald Trump. Photo: Reuters
    Trump defends sending National Guard to LA as California governor to sue administration
  • California Governor Gavin Newsom. File Photo: REUTERS/Fred Greaves
    California Governor Newsom to sue Trump over National Guard deployment amid LA protests

MOST VIEWED

  • On left, Abdullah Hil Rakib, former senior vice president (SVP) of BGMEA and additional managing director of Team Group; on right, Captain Md Saifuzzaman (Guddu), a Boeing 787 Dreamliner pilot for Biman Bangladesh Airlines. Photos: Collected
    Ex-BGMEA SVP Abdullah Hil Rakib, Biman 787 pilot Saifuzzaman drown in boating accident in Canada
  • A photo showing the former president on his return to Dhaka today (9 June). 
Source: Collected
    Former president Abdul Hamid returns to Bangladesh from Thailand
  • File Photo: British MP Tulip Siddiq attends a news conference with Richard Ratcliffe, the husband of jailed British-Iranian aid worker Nazanin Zaghari-Ratcliffe, in London, Britain October 11, 2019. Photo: REUTERS/Peter Nicholls/File Photo
    Tulip requests CA Yunus for a meeting over corruption allegations: Guardian
  • Representational image. Photo: Reuters
    Bangladesh reports 3 more Covid-19 cases
  • Muhammad Yunus (L) and Narendra Modi. Photo: Collected
    Modi sends Eid-ul-Adha greetings, Yunus calls for continued bilateral cooperation
  • Photo: Reuters
    Trump says Musk relationship over, warns of 'serious consequences' if he funds Democrats

Related News

  • Rizvi questions govt preparedness over new Covid variant spread
  • Bangladesh reports 5 more Covid-19 cases
  • BNP to stay on streets until Dec election demand met: Gayeshwar
  • DMTCL urges Metro passengers to wear masks amid rising Covid-19 cases
  • DMP conducts special security drill ahead of Bangladesh-Singapore football match

Features

File photo of Eid holidaymakers returning to the capital from their country homes/Rajib Dhar

Dhaka: The city we never want to return to, but always do

21h | Features
Photo collage shows political posters in Bagerhat. Photos: Jannatul Naym Pieal

From Sheikh Dynasty to sibling rivalry: Bagerhat signals a turning tide in local politics

2d | Bangladesh
Illustration: TBS

Unbearable weight of the white coat: The mental health crisis in our medical colleges

5d | Panorama
(From left) Sadia Haque, Sylvana Quader Sinha and Tasfia Tasbin. Sketch: TBS

Meet the women driving Bangladesh’s startup revolution

5d | Panorama

More Videos from TBS

US and China to meet in London for trade talks

US and China to meet in London for trade talks

10h | TBS World
The forbidden point on Cox's Bazar beach is like a death trap

The forbidden point on Cox's Bazar beach is like a death trap

12h | TBS Today
Israeli forces seize Gaza aid boat carrying Greta Thunberg

Israeli forces seize Gaza aid boat carrying Greta Thunberg

14h | TBS World
Which way will the anti-immigration campaign in Los Angeles turn?

Which way will the anti-immigration campaign in Los Angeles turn?

14h | TBS World
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net