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.
Corporate tax remains unchanged in FY 17-18
Finance Minister AMA Muhith proposed to keep unchanged the existing tax rate for publicly traded companies at 25 percent and for non-publicly traded companies at 35 percent.
Regular taxpayers ‘Kor Bahadurs’
Taxpayers who are paying back to the government coffer for a long time will be recognised as ‘Kor Bahadurs’ – meaning champions of tax, Finance Minister AMA Muhith proposes.
Mobile handsets to be costlier
Mobile handsets device purchasing cost will increase in the next fiscal 2017-18 as Finance Minister AMA Muhith proposes to hike the customer duty of mobile handsets importing to 10 percent from existing 5 percent.
Budget 2017-18 in pie charts
Find the pie charts for the national budget for fiscal year 2017-18 that the Finance Minister AMA Muhith has placed in the parliament.
Budget 2017-18: Incentive planned for leather industry
The leather industry, the second largest export segment of Bangladesh, will be receiving incentives from the government, as proposed in the budget for 2017-18.
Budget won’t protect poor: CPB
Communist Party of Bangladesh in an instant reaction rejects the proposed national budget for FY 2017-18 and says it will not protect the poor people’s interest.
Prices up, prices down
Finance Minister AMA Muhith proposes changes to duties on different products, which will result in increase and decrease in their prices.
Govt continues to encourage LPG use
The government is continuing its walk in the path of encouraging use of bottled liquefied petroleum gas (LPG) in households by reducing its pricing further.
Double budget allocation in ICT
Finance Minister AMA Muhith proposes to double the allocation in Information and Communication Technology Division for helping the digitalisation process.
E-cigarette to cost more, much more
Popular choice among youths as an alternative to sticks, e-cigarettes will be costing much higher than it is now, the proposed budget for 2017-18 says.