ambitious budget

Budget 2016-17 / Of Obesity or Good Health?

The Finance Minister has proposed a mega Tk.3.4 trillion budget for the upcoming fiscal year 2016-17. It is about 29 percent higher than the revised budget of the outgoing fiscal year.

Budget difficult to implement: Raushan

Terming the proposed 2016-17 national budget “highly ambitious”, Opposition Leader in the parliament Raushan Ershad says it will be very difficult to implement this big size budget.

Budget Proposal / No one in BNP to give reactions

The BNP that ruled the country for over 10 years in two terms since the restoration of democracy in Bangladesh in 1990 is struggling to come up with formal reactions to the proposed budget for fiscal 2016-17.

Ambitious targets set deliberately

Finance Minister AMA Muhith yesterday said he deliberately set an ambitious revenue generation target in the upcoming budget, hoping for more tax collection by the National Board of Revenue. “I have said in the budget speech that it is deliberately ambitious,” he told reporters at a post-budget briefing in the capital's Osmani Memorial Auditorium.

Hike in source tax ‘absurd’

The proposed 1.5 percent tax at source on export is 'absurd' and 'abnormal' as such a high rate might hamper the growth of local

Allocation rises for digitisation

The proposed budget for the upcoming fiscal year increases investment in digitising government services by 36.01 percent year on year.

Big dream, grim reality

Finance Minister AMA Muhith has really dreamt of a big budget in every respect -- from expenditure to revenue generation. And he no longer wants to live in the 6 percent GDP class to push beyond 7 percent. But his big dream promises to put extra pressure on people across the board, as he plans through his VAT and other tax proposals to extract that extra penny from every pocket.

Revenue target very ambitious

While economists have praised the proposed budget's emphasis on mega projects, skill development and job creation, they have termed the revenue generation target very ambitious.

New jobs to stay elusive

The parameters of employment generation show it would be a tough task for the government in the next fiscal year to create adequate jobs, which is a key element for higher economic growth.

June 6, 2016
June 6, 2016

Of Obesity or Good Health?

The Finance Minister has proposed a mega Tk.3.4 trillion budget for the upcoming fiscal year 2016-17. It is about 29 percent higher than the revised budget of the outgoing fiscal year.

June 5, 2016
June 5, 2016

Budget difficult to implement: Raushan

Terming the proposed 2016-17 national budget “highly ambitious”, Opposition Leader in the parliament Raushan Ershad says it will be very difficult to implement this big size budget.

June 5, 2016
June 5, 2016

No one in BNP to give reactions

The BNP that ruled the country for over 10 years in two terms since the restoration of democracy in Bangladesh in 1990 is struggling to come up with formal reactions to the proposed budget for fiscal 2016-17.

June 4, 2016
June 4, 2016

Allocation rises for digitisation

The proposed budget for the upcoming fiscal year increases investment in digitising government services by 36.01 percent year on year.

June 4, 2016
June 4, 2016

Hike in source tax ‘absurd’

The proposed 1.5 percent tax at source on export is 'absurd' and 'abnormal' as such a high rate might hamper the growth of local

June 4, 2016
June 4, 2016

Ambitious targets set deliberately

Finance Minister AMA Muhith yesterday said he deliberately set an ambitious revenue generation target in the upcoming budget, hoping for more tax collection by the National Board of Revenue. “I have said in the budget speech that it is deliberately ambitious,” he told reporters at a post-budget briefing in the capital's Osmani Memorial Auditorium.

June 3, 2016
June 3, 2016

Down under VAT glut

Returning early from work, Mahbub Alam, an employee of a non-government organisation, flopped down on his couch and

June 3, 2016
June 3, 2016

VAT to push up cost of living

The government has backtracked from its decision to roll out the new VAT law from July due to resistance from businesses and a section of revenue officials and inadequate preparation from the National Board of Revenue.

June 3, 2016
June 3, 2016

Tobacco tax to benefit multinationals

Multinational tobacco companies will benefit from the proposed budget as the finance minister has not increased the prices of medium and high segment cigarettes.

June 3, 2016
June 3, 2016

New jobs to stay elusive

The parameters of employment generation show it would be a tough task for the government in the next fiscal year to create adequate jobs, which is a key element for higher economic growth.