The parliament passes Tk 4,00,266 crore national budget for 2017-18 fiscal year aimed for higher growth, lower inflation and gearing up investment.
Has the finance minister addressed these issues and is this budget adequate to meet the challenges stated above? An equally important issue is this: do the responsible agencies have the capacity and capability of implementing such a large budget?
Since the announcement of the new budget, one of the main concerns of consumers countrywide has been the imposition of a flat 15 percent value added tax (VAT) rate on most goods and services.
A mysterious Sylheti man unable to do basic math has somehow held the country's top financial position for years, according to a research report published on Thursday.
Finance Minister AMA Muhith has defended the excise duty he proposes on bank accounts and said school banking activities will be out of its purview. He terms it 'a legendary step' of the government.
Ezaharul Haque has been upset since he learned about the government's decision to impose a uniform 15 percent VAT this July. The thought of more money going out of his pockets to purchase necessary goods and services concerned him.
Debapriya Bhattacharya, the distinguished fellow of CPD, terms the proposed budget for the FY 2017-18 as “economic illusion” saying that there is no clear indication between income and expenditure in it.