Bangladesh National Budget 2019-20
Tk 5,23,190cr budget passed in JS
Parliament passes the Tk 5,23,190 crore national budget for 2019-20 fiscal themed as “Bangladesh on a Pathway to Prosperity: Time is Ours, Time for Bangladesh.”
NBR to lose Tk 400cr for pampering tobacco companies
The National Board of Revenue’s move to change the VAT and Supplementary Duty Act 2012 to offer input tax credit to cigarette
New VAT system to bring in Tk 11,000cr more
The National Board of Revenue expects to collect about Tk 11,000 crore more for imposition of VAT on various goods and services and increasing rates on many others, said its officials.
Textile millers seek exemption of 5% VAT on sale of local yarn
Textile millers demand an exemption of 5 per cent value added tax (VAT) on sale of local yarn to make the domestic yarn market more competitive.
Budget Discussion: Opposition slams govt over paddy price
Opposition lawmakers yesterday came down heavily on the government for its failure to ensure fair price of paddy and check money laundering, soaring loan defaults and black money.
New VAT law to hurt consumers: Analysts
The government’s move to implement the new VAT law without rebate facility for reduced rates will hurt consumers because of price spike of many goods and services, analysts say.
Budget anti-people: Gonoforum
Gonoforum rejects the proposed national budget for 2019-20 fiscal terming it as frustrating and anti-people.
Manage deficit financing from other sources rather than banking channel
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) urges the government to manage fund from other sources rather than banking channel to finance the deficit financing in 2019-20 fiscal.
The affluent to benefit more
The budgetary measures for fiscal 2019-20 will favour the beneficiaries of “economic misrule” and hurt the middle and lower mid-income groups, the Centre for Policy Dialogue said yesterday.
New schools to be added to MPO list
Necessary funds are allocated for the enlistment of new schools under MPO (Monthly Pay Order) system in the proposed national budget for FY 2019-20.
Tk 5.2tr budget aims 8.2% growth
The budget for fiscal 2019-20 is aiming for a growth rate of 8.2 per cent, banking heavily on the expected growth of the running fiscal.
Budget prioritises business, pvt sector growth
The budget for fiscal 2019-20 is focusing on grooming business and private sector growth, Finance Minister AHM Mustafa Kamal has said.
Budget FY 2019-20: Revenue collection estimated at Tk 3,77,810 crore
Total revenue collection is estimated at Tk 3,77,810 crore in the proposed national budget for fiscal year 2019-20.
Cabinet okays national budget for FY 2019-20
The cabinet has approved the proposed national budget for fiscal year 2019-20. It was approved around 2:15pm with Prime Minister Sheikh Hasina chairing the special meeting held at the parliament complex, Parliament Secretariat sources said.
Budget documents to be available on websites
Budget documents will be available on different websites of the government, as Finance Minister AHM Mustafa Kamal is set to announce the proposed national budget for FY20 this afternoon.
Time to work on basics
The Bangladesh economy is taxing for take-off -- for its long-haul flight to the developed country club, with couple of stopovers in between.