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Tags : Spend


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Govt should increase education spending to improve quality

THE education sector continues to remain neglected in the percentage of both the total budget outlay and the gross domestic product although the allocation has begun to increase in recent years in terms of amount. A paper on the education budget that Campaign for Popular Education presented at a press conference in Dhaka on March 24, says that the allocation for...

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Suspended AC Urmi charged with defamation

A Dhaka court on Tuesday framed charges against suspended assistant commissioner Tapasi Tabassum Urmi in a case filed for making derogatory remarks about Abu Sayed and other martyrs of student-led July-August mass uprising...

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Biman Bangladesh Airlines suspends Manchester flight

The authorities of Biman Bangladesh Airlines have taken a plan to temporarily suspend the Dhaka-Sylhet-Manchester flights in order to conduct Hajj flights of the pilgrims smooth and comfortable...

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PUBLIC SPENDING: Luxury the nation can’t afford

THE bureaucratic system is plagued with excessive red tape, which manifests through ineffective procedures and corruption, resulting in overspending on civil service that ultimately limits economic performance. Overlapping regulations and insufficient coordination between government bodies make the process to complete business registrations...

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Trade deficit narrows to $6.63b in July-Oct

The country’s trade deficit narrowed slightly in the July-October period of the 2024-25 financial year compared with that in the same period of FY24...

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US Black Friday online spending put at record $10.8b

American consumers spent a record $10.8 billion online during ‘Black Friday’ promotions, with many using artificial intelligence tools to find the best deals, Adobe Analytics announced Saturday...

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Overspending on civil administration

FOLLOWING the fall of the authoritarian Awami League regime in August, one challenge Bangladesh faces as it moves forward is the sheer size and untenable budget of the Bangladesh Civil Service. The budget for the financial year 2023–2024 reveals that 22 per cent of our national budget goes into public administration, which is a clear marker of the...

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48,586 MFS accounts suspended for gambling

State minister for finance Wasika Ayesha Khan said that the Bangladesh Financial Intelligence Unit suspended 48,586 personal Mobile Financial Services accounts on charges of involvement in online gambling, betting, and hundi...

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US economic growth slows to 1.6pc in Q1

The US economy grew less than anticipated in the first three months of 2024, according to government data released Thursday, as consumer spending and exports decelerated...

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