National Budget 2018-19
JS passes national budget FY 2018-19
The Jatiya Sangsad passes the proposed Tk 4,64,573 crore national budget for 2018-19 fiscal year.
Minister suggests lowering prices of liquor
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 on remittance: NBR
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.
MPs blast Muhith for bank scams
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.
No directions on SDGs in proposed budget: SANEM
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.
Tax measures to hurt middle class
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.
No cheers in tax measures
Every year when the budget is placed in the parliament, Taufiq Hasan, a 35-year-old private sector employee, gets all worked up about which products and services he would have to pay more the following fiscal year.
Bowing to banks
The government is continuing to treat banks with kid gloves instead of going tough on them for the rampant financial irregularities and continued poor judgement.
Supplementary Budget: Muhith says sorry for inadequate discussions
For the first time in Bangladesh, a finance minister apologised for his inability to create an opportunity to hold elaborate discussions on supplementary budget in parliament.
Jute mills to be revived by PPP initiatives
The government will bring an end to the vulnerable situation public jute mills are in by running those under the public private partnership (PPP) model.
Corporate tax to rise for apparel
The proposed rise in corporate tax will hurt the flow of fresh investment into the garment sector as entrepreneurs will feel discouraged to inject fresh funds, said the top leader of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) yesterday.
Education lacks due attention
As the government had formulated National Education Policy immediately after coming to power in 2009, educationists started advocating for spending at least six percent of the GDP for education.
DIGITAL SERVICES: When popular, made pricier
Customer will have to pay more for products and service bought from one's mobile phone as the government yesterday introduced a 5 percent value-added tax on those from next fiscal year and also raised the surcharge on handset imports.
Lofty goals, fragile base
It looks like another repeat story. We had a big budget that failed to achieve its targets. Now we are pushing for a bigger one with higher targets. But with the ground reality remaining the same, are we to see a story foretold for the next year?
Interest burden getting heavier
Interest payments get the fourth highest allocation, which is also higher than the combined allocation for health, social security and welfare in the proposed budget for 2018-19.
Jobs there, not right skills
Samidul Haque obtained a BBA degree from a private university a year ago.
Business-as-usual budget
Finance Minister AMA Muhith presented the FY2018-19 national budget to parliament yesterday. This is a historic event in the sense that it is his tenth consecutive budget that reflects the continuity in fiscal management.
New squeeze for middle class
Shifa Hosne and her husband have been saving up money to buy a small flat in the city, where property price is already way beyond the capacity of service holders with fixed income.
Supplementary Budget: Muhith says sorry for inadequate discussions
For the first time in Bangladesh, a finance minister apologised for his inability to create an opportunity to hold elaborate discussions on supplementary budget in parliament.