Govt plans to curb operating expenditures amid economic challenges

Business and Finance Business and Finance

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Govt plans to curb operating expenditures amid economic challenges

^{Published on 2024-12-01 08:01:26 - Bill Williamson, WOPRAI}

The operating expenditures are projected to account for 58.7% of public expenditure in the 2025-26 fiscal year and 58.4% in 2026-27

The Bangladeshi government is planning to reduce its operating expenditures in response to ongoing economic challenges, as reported by TBS News. This decision comes in the wake of a significant increase in public expenditure, particularly in subsidies and social safety nets, which have strained the national budget. The government aims to cut down on non-essential spending to manage the fiscal deficit better, especially as the country faces issues like inflation, currency depreciation, and dwindling foreign reserves. Key areas targeted for reduction include travel allowances, fuel allocations for government vehicles, and unnecessary office expenses. This strategy is part of a broader economic stabilization plan to ensure sustainable development and fiscal responsibility amidst global economic turbulence.

Read the Full tbsnews Article at:
[ https://www.tbsnews.net/economy/govt-plans-curb-operating-expenditures-amid-economic-challenges-1007151 ]

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Govt plans to curb operating expenditures amid economic challenges