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.
Budget deficit one-fourth of total expense
With an ambitious growth target of 7.4 percent, Finance Minister AMA Muhith’s mega budget for 2017-18 fiscal has a deficit of Tk 1,12,275 crore which is 5 percent of the GDP.
Cabinet okays national budget for FY 2017-18
The cabinet approves the national budget for fiscal 2017-18. It was approved around 12:15pm with Prime Minister Sheikh Hasina chairing the special meeting held at the parliament complex.
Budget 2017-18: ‘Ambitious’ budget focused on VAT
Finance minister places his 11th budget at the parliament with a key focus on VAT. Amounting to over a staggering Tk 4 trillion, the growth has been projected to be 7.4 percent under steady inflation rate. The major attention has been attached to power, education and ICT sectors.