Awami League General Secretary Obaidul Quader today said the proposed budget for fiscal 2019-20 is pro-people and there is no negativity in it.
The Jatiya Sangsad passes the proposed Tk 4,64,573 crore national budget for 2018-19 fiscal year.
Housing and Public Works Minister Engr Mosharraf Hossain suggests cutting down customs duty on liquor for the sake of flourishing tourism in the country.
No VAT or tax has been imposed on remittance in the proposed budget for 2018-19 fiscal year, the National Board of Revenue (NBR) says.
In a rare show of anger and frustration, some ruling party and opposition lawmakers blasted the finance minister in parliament yesterday for his complete silence on the widespread irregularities in the banking sector during his budget speech.
Opposition and some of the ruling party lawmakers in the parliament criticises Finance Minister AMA Muhith for not stating any measures in the proposed budget for fiscal 2018-19 against irregularities in the financial and banking sectors.
The proposed budget for fiscal 2018-19 does not have any directions to meet the Sustainable Development Goals (SDGs), South Asian Network on Economic Modeling (SANEM) says.
With the budget implementation rate falling consistently for the last seven fiscal years, Finance Minister AMA Muhith yesterday said the government would achieve the targets in the proposed budget even though its execution starts in an election year.
The proposed budgetary measures for fiscal 2018-19 will benefit the high and low income people, leaving the middle- and lower middle-class, which form the majority of Bangladesh's population, strained, said the Centre for Policy Dialogue yesterday.
Corporate tax for the readymade garments units will be hiked to 15 per cent, what Finance Minister AMA Muhith proposes in his budget for fiscal 2018-19.
Finance Minister AMA Muhith proposes to keep a block allocation of Tk 300 crores for managing risks arising out of earthquake.
Resorts, hotels and businesses will have to use electronic fiscal devices (EFD) from the next fiscal year -- a move the revenue authorities have taken to combat value-added tax evasion.
Finance Minister AMA Muhith becomes the first finance minister in Bangladesh history to present 10 consecutive national budgets.
Finance Minister AMA Muhith today proposes to re-impose 25 per cent customs duty and 3 per cent regulatory duty on rice imports to protect the farmers as the country got a bumper paddy production in the boro season.
The government will spend Tk 51,340 crore for interest payment in the upcoming fiscal year which is 11 percent of total proposed budget of Tk 4,64,573 crore.
Finance Minister AMA Muhith sets a goal to allocate 20 percent of total budget for children by 2020 as part of mainstreaming children development in the national planning and budgeting.
Fresh duty schemes have been drawn up on cosmetics and toiletries items, which is expected to push the prices of such items higher.
The government has set a target of 7.8 per cent GDP growth for the next fiscal year.
Allocation for the telecom and ICT ministry declines about 6.64 per cent to 6,064 crore in the proposed budget of 2018-19 fiscal which is placed by Finance Minister MA Muhith at the Jatiya Sangsad.
