The gas subsidy has more than trebled this fiscal year, along with subsidies for electricity and fertiliser, due to costly purchases from the international spot market as a result of the Iran war.

The government will allocate Tk 1,26,125 crore for subsidies and incentives in the upcoming fiscal year’s budget, with 55 percent going towards electricity and fertiliser.

Moreover, farmers and hatcheries will get a 20% rebate on electricity bills

The subsidies and incentive expenditures in the upcoming budget are going to be more than that of the current fiscal year.

NBR sits with Rajshahi businesses in a pre-budget discussion

Though the government has allocated a large amount of subsidy to the power sector, it is unable to disburse the amount as per demand due to narrow fiscal space.

Planning minister says at event of Citizen's Platform for SDGs, Bangladesh

Bangladesh’s spending on subsidies and interest payments surged 45 per cent year-on-year in the first eight months of this fiscal year, turning out to be the highest in at least a decade.

The prices of electricity, gas and diesel are set to increase one by one as the government pulls back the subsidies in keeping with the austerity measures.

The government should stop fund wastage in the energy sector and eventually phase out subsidies, which have created pressure on the public coffer, according to economists and entrepreneurs.

The government is going to increase the subsidy by big margin for fertilisers in the next fiscal year (2022-23) due to the sharp rise in its price in the global markets.

Strange times are these in which we live when record subsidy allocation may still come short of what is needed.

Finance Minister AMA Muhith tells parliament that the government has given subsidy to state-run banks in a bid to avoid any possible disaster in banking sector. Amid criticism that there is no good governance in banking sectors, Muhith says his government is working very seriously for ensuring good governance in banking sector and money market.

India agreed in principle not to carry out investigations relating to anti-dumping and countervailing duties on jute goods exported from Bangladesh, a senior commerce ministry official said yesterday.