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.
Tax-exempted income threshold for individuals stays at Tk 2.50 lakh
Finance Minister AMA Muhith, in his finance bill, proposes to keep unchanged the tax-exempted income-threshold for individual tax payers at Tk 2.50 lakh.
VAT-free turnover limit to be Tk 36 lakh
Finance Minister AMA Muhith proposes to increase the VAT-free turnover ceiling to Tk 36 lakh from Tk 30 lakh in the ‘VAT and Supplementary Duty Act 2012’, which is scheduled to be implemented from July 1.
Budget 2017-18: Green RMG factories to get tax benefits
Ready-made garment factories with internationally-recognised green standards will enjoy tax benefit, Finance Minister AMA Muhith proposes in the budget.
Muhith seeks to double excise duty on airline tickets
Finance Minister AMA Muhith proposes Tk 2,000 excise duty on airline tickets instead of existing Tk 1,000 for travel to any Asian countries except the Saarc countries.
Budget 2017-18: Keeping money in bank to cost more
Finance Minister AMA Muhith proposes to increase the excise duty on bank accounts with large debit or credit balance in the fiscal 2017-18 to boost revenue collection.
Uniform VAT to be 15%
Finance Minister AMA Muhith proposes that the uniform VAT will be 15 percent in the fiscal 2017-18.
Social security net widened
Finance Minister AMA Muhith proposes a wider social security net for the protection of the poor in his Tk 4,00,226 crore budget for the fiscal 2017-18.
Budget 2017-18: Gross investment in power and energy
The government seems to be really pushing for the development of power and energy sector with a gross increase of allocation in this sector for the next fiscal. Tk 21,118 crore has been slated for the power and energy sector, Finance Minister AMA Muhith says as he is unveiling a mega budget of Tk 4,00,226 crore for the Fiscal 2017-18.
Nat’l highway to get 4 lanes with separate way for slow vehicles
The government is to upgrade 373Km of the national highways to four lanes with a provision for separate service lanes for slow moving vehicles in FY 2017-18.
Budget 2017-18: Education gets a boost
Finance Minister AMA Muhith proposes for an allocation of Tk 50,432 crore in the budget for 2017-18 fiscal for education, which is 12.6 percent of the total budget size.