Global Energy Crisis May Push Subsidy Bill Up by Tk 36,000cr

Finance Minister Amir Khosru Mahmud Chowdhury recently said Bangladesh may need to provide an additional Tk 36,000 crore in subsidies for electricity and energy in the current ?scal year, as soaring global fuel prices triggered by geopolitical tensions signi?cantly raise import costs. Speaking in Parliament, the minister said the government has decided not to increase domestic energy prices despite the sharp rise in international fuel and lique?ed natural gas (LNG) prices in order to shield citizens from further economic hardship. ‘The people have placed their trust in us, and our responsibility is to build an advancing, inclusive and sustainable economy for Bangladesh,’ he told the House during a session presided over by Speaker Ha?z Uddin Ahmad. Khosru said the government assumed of?ce amid signi?cant economic challenges, including high in?ation, pressure on the external sector, weak investment growth and institutional governance issues.

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