Dhaka, June 13 (UNB) – Noted economists have said implementation of the new budget will be the main challenge for the government as ‘administrative inefficiency and legal complexity’ may appear to be a major obstacle to it. They said the…
Category: Budget
A quarter to reap all benefits of budget, says BNP
Dhaka, June 13 – BNP senior leader Amir Khosru Mahmud Chowdhury on Thursday said the proposed national budget for the fiscal year 2019-20 will facilitate only a section of people instead of fulfilling the hopes and aspirations of the country’s…
Taxation proposals in Bangladesh budget for 2019-20
Income Tax, Value Added Tax and Import-Export Duty NBR officials work relentlessly to achieve the revenue target set by the government every year. NBR tax revenue is basically collected from Income Tax, Value Added Tax (VAT) and Import & Export…
Online system to control savings certificate transactions
Dhaka, Jun 13 (UNB) – Finance Minister AHM Mustafa Kamal on Thursday said real-time information is available now on the sale, profit and encashment of national savings schemes from the ‘National Savings Scheme Online Management System’. The system was introduced…
Exclusive tourist zone in Cox’s Bazar for foreign tourists
Dhaka, Jun 13 (UNB) – The work on establishing an exclusive tourist zone for foreign tourists is underway at Sabrang in Cox’s Bazar. Finance Minister AHM Mustafa Kamal disclosed this while placing the national budget in parliament for fiscal 2019-20…
Bangladesh unveils Tk 5.23 tln national budget for 2019-20
Dhaka, June 13 – Finance Minister AHM Mustafa Kamal today placed a Taka 5,23,190 crore national budget for FY20 in parliament to ‘make a big stride’ to materialize the Vision 2021 and implement the agenda for 2030. “We are committed…
Highlights of budget for 2019-20
Dhaka, June 13 – Following are the highlights of the proposed budget for fiscal year 2019-20 • Tk 5.2tr budget with 8.2% growth target• Generate fresh employment for 3cr people by 2030• Increase taxpayers number to 1.0cr from 21-22 lakh•…
Impacts on taxation proposals on prices in New Bad budget
In addition to imported smartphones, prices of ice-cream, cigarette, edible oil and different food products are likely to go up as the government has proposed rise in taxes or duties on these. Imported gold, locally made bread, biscuit and agricultural…
Nat’l Budget for 2019-20 being placed in Parliament Thursday
Dhaka, June 12 (UNB) – Bangladesh is set to enter a new era as the new finance minister of the Awami League government, which is in its 3rd term in a row, will place the national budget in Parliament on…
BD Parliament budget session begins Tuesday
The first budget session of the 11th parliament formed through the December-30 general election will begin on Tuesday. Finance Minister AHM Mustafa Kamal will place the proposed national budget in the House on Thursday. The size of the budget for…
‘Gendering’ the EU budget
by Firat Cengiz There is a clear case for making gender equality a more visible part of the EU budgetary process. Budgets are not gender-neutral. Women and men have different needs and expectations from public services. These needs and expectations…
Dhaka North City announces Tk 25 billion budget
Dhaka North City Corporation (DNCC) on Sunday announced a Tk 2567.45 crore proposed budget for fiscal year 2018-2019, a Tk 182.65 crore rise from last fiscal’s budgetary outlay.
Dhaka South City Corpn budget Taka 36 billion
The Dhaka South City Corporation (DSCC) has announced a budget of Tk 3,598.75 crore for the fiscal year 2018-19.
Budget not favourable for equity: Experts
Speakers in a budget reaction programme on Monday claimed that the proposed budget for the fiscal year 2018-19 is not favourable for equity and inclusive development.
‘Water, sanitation, hygiene needs more equitable allocations’
Dhaka, June 24 – More equitable budget allocation for water, sanitation and hygiene (WASH) sectors are needed in the proposed national budget for 2018-19 to achieve the sustainable development goal-6 (SDG-6), according to experts.
Proposed tobacco taxes: Protect death trade, not public health
A post-budget press conference on the issue of tobacco taxation in the proposed budget for the FY 2018-19 was held Saturday (23 June, 2018) at the VIP Lounge of National Press Club at the initiative of PROGGA and Anti-Tobacco Media Alliance…
BD’s premier chamber questions corporate tax cut for banks
Speakers at a programme on Thursday described the government’s budgetary move of corporate tax cut disappointing as it applies for banks and financial institutions only and not for all.
Germany: Merkel’s Bavarian allies critical on euro budget
Chancellor Angela Merkel’s Bavarian allies warned the German leader Wednesday against offering financial concessions to other European countries to resolve a conflict over migration that has shaken her government.
Prospective IT sector decries duty burden
Leaders of various IT organisations on Wednesday said that the 21.75 percent VAT and other surcharges imposed on internet is becoming a burden on them.
Firoz Rashid accuses Finance Minister of helping bank theft
Jatiya Party MP Kazi Firoz Rashid on Tuesday harshly criticised Finance Minister AMA Muhith for placing the national budget for the 2018-19 fiscal which what he said is laced with both poison and honey to facilitate those plundered banks and…
Strengthen Central Bank – stop capital flight: CSOs
Dhaka, June 13 – Speakers at a human chain on Wednesday in Dhaka urged the government to emphasise Income Tax instead VAT (Value Added Tax) for revenue mobilisation in implementing the 2018-19 national budget.
Environment, climate sector gets only 0.4 pc budget allocation
Dhaka, June 11 – Despite the huge importance of ecology and environment for sustainable development of the country, the finance minister has proposed only 0.4 percent allocation of the total budget of 2018-19 fiscal year for the environment, forest and…
New educational institutions to be in MPO list: Nahid
Education Minister Nurul Islam Nahid on Monday said new educational institutions will be included in the MPO list though it was not announced in the new budget.
Don’t call me ex-Jatiya Party minister: Muhith
Finance Minister AMA Muhith on Monday threatened to take proper steps if Jatiya Party members call him a former minister of the party again.
Saudi Arabia, UAE, Kuwait pledge $2.5b aid to Jordan
Saudi Arabia, Kuwait and the United Arab Emirates pledged $2.5bn of aid to Jordan on Monday, a joint statement from the Gulf states said, following austerity measures that have sparked massive protests in the country. Price hikes and subsidy cuts…
Why corporate tax relief for Bangladesh’s banks and FIs: CPD
Dhaka, June 8 – The Centre for Policy Dialogue (CPD) yesterday said the proposed budget has increased taxation on the middle and lower income groups compared to rich people, which will ultimately affect the livelihoods of the general people.
Bangladesh budget big blue empty balloon: BNP
Dhaka, June 8 – The BNP has termed the proposed national budget a big blue empty balloon which has been formulated keeping the next general election in mind.
Foreign investors’ chamber finds budget challenging
Dhaka- The Foreign Investors’ Chamber of Commerce and Industry (FICCI) on Friday said the proposed budget of Tk 464,573 crore, which is 25 percent higher than that of revised budget of the last fiscal year, is highly challenging comparing to…
Moudud calls budget ‘big hollow balloon’
BNP senior leader Moudud Ahmed on Friday termed the proposed national budget for 2018-19 fiscal year a ‘big blue empty balloon’ which is formulated keeping the next general election in mind.
Budget implementable despite deficit in financing: Minister
Amid criticisms that the proposed budget for 2018-19 fiscal year is an election-oriented one and unimplementable, Finance Minister AMA Muhith on Friday said it is implementable despite having deficit in financing.