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.
The proposed national budget for FY 2017-18 fails to fulfill expectations, Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) President Shafiul Islam (Mohiuddin) says.
It is not clear at all how much the government has allocated to prevent terrorism and corruption in the country from its 400,000 crore budget, says Bikalpa Dhara Bangladesh President Dr AQM Badruddoza Chowdhury.
The government is going to impose value added tax (VAT) on English medium schools for the fiscal year 2017-18, National Board of Revenue (NBR) says.
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.
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.
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.
Finance Minister AMA Muhith proposes changes to duties on different products, which will result in increase and decrease in their prices.
Ready-made garment factories with internationally-recognised green standards will enjoy tax benefit, Finance Minister AMA Muhith proposes in the budget.
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.
The budget for the fiscal year 2017-18 will not bring any good for the people, BNP Secretary General Mirza Fakhrul Islam Alamgir says.
