2017-18 National Budget
Supplementary budget passed in the Parliament
The Jatiya Sangsad today passes the supplementary budget of Taka 15,339 crore, 82 lakh and 50 thousand for the 2017-18 fiscal to meet the increased expenditures under different ministries and divisions.
Budget to affect living standard: BNP
BNP says people’s living standard will continue its downward trend and inflation rate will increase due to the adverse impact of the national budget passed in the parliament for 2017-18 fiscal.
House passes Tk 4tr budget for 2017-18
The parliament passes Tk 4,00,266 crore national budget for 2017-18 fiscal year aimed for higher growth, lower inflation and gearing up investment.
Govt reduces excise duty on small bank deposits
Government reduces excise duty to Tk 150 on bank deposits between Tk 1 lakh and Tk 5 lakh, but keeps proposed rates for big ticket account balances.
New VAT law won’t be effective for next 2yrs
Government will not implement new VAT law, which envisages a uniform 15 percent VAT, for the next two years.
Ershad terms proposed budget a ‘worst one’
Jatiya Party Chairman HM Ershad terms the proposed budget for fiscal 2017-18 as a “worst one” and says that it would make people’s life “miserable.”
Inu urges lifting 15% VAT on newspaper industry
Information Minister Hasanul Haq Inu urges for withdrawing the 15 percent VAT on the newspaper industry as proposed in the 2017-18 budget.
Tk 2000cr for refinancing state banks injustice: Bablu
Jatiya Party lawmaker Ziauddin Ahmed Bablu blasts Finance Minister AMA Muhith for allocating Tk 2000 crore in a bid to refinance different state banks in the proposed budget for FY 2017-18.
Ruling MP wants to allow vote against budget
A ruling party lawmaker voices an opinion to amend the provision of constitution, allowing an MP to vote against respective political party. Also, Muhith draws flak at parliament for his 2017-18 budget.
Hike in excise duty on bank deposits may be scrapped
Finance Minister AMA Muhith yesterday hinted that the government may withdraw the proposed increase in excise duty on account balance of more than Tk 1 lakh from 2017-18.
Proposed 15pc VAT: Plastic crockery to get pricier
Plastic crockery has seen a steady rise in sales over the last several years mainly due to its growing popularity among middle and low-
PDB suffers loss of Tk 7135.03cr in 2016-17
Among the 45 state-owned enterprises (SOEs), Power Development Board incurs the highest loss of Tk 7135.03 crore in the outgoing fiscal 2016-17 year while the total loss of the SOEs is Tk 8630 crore.
It’s a cruel budget, attempt to suck people’s blood: Khaleda
BNP Chairperson Khaleda Zia says the government has attempted to suck the last drop of blood of people through the proposed national budget for FY 2017-18.
Budget to boost digitalisation, says State Minister Palak
State Minister for ICT Zunaid Ahmed Palak describes the proposed national budget as investment friendly hoping that it will accelerate the country’s digital progress.
Big target, tricky route
Mega dreams require mega shake-ups, sometimes crushing ones, especially if you have little control over costs and transparency. Finance Minister AMA Muhith's proposed budget has come with the same impact -- putting the people through the VAT machine to take out every mint possible to be spent on a budget that is bigger by a quarter than the present one.
Bogus budget: Khaleda
BNP Chairperson Khaleda Zia terms the proposed budget for 2017-18 fiscal year as a “bogus budget.”
FY 17-18: 12kms flyover for Dhaka dwellers
To ease traffic congestion in two of the mega cities of the country, Finance Minister AMA Muhith has proposed an initiative to construct a flyover for Dhaka and an elevated expressway for Chittagong.
Inflation rate to remain stable: Muhith
Finance Minister AMA Muhith says that the inflation rate on food and non-food items will remain within the target.
Budget 2017-18: Boost for haor, coastal regions
Reeling from the recent flash flood caused by torrential rain, the haor regions of Bangladesh has earned its place in the budget securing a big cash incentive.