The Jatiya Sangsad today passes the supplementary budget of Taka 15,339 crore, 82 lakh and 50 thousand for the 2017-18 fiscal to meet the increased expenditures under different ministries and divisions.
BNP says people’s living standard will continue its downward trend and inflation rate will increase due to the adverse impact of the national budget passed in the parliament for 2017-18 fiscal.
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.
Government reduces excise duty to Tk 150 on bank deposits between Tk 1 lakh and Tk 5 lakh, but keeps proposed rates for big ticket account balances.
Government will not implement new VAT law, which envisages a uniform 15 percent VAT, for the next two years.
Jatiya Party Chairman HM Ershad terms the proposed budget for fiscal 2017-18 as a “worst one” and says that it would make people’s life “miserable.”
Information Minister Hasanul Haq Inu urges for withdrawing the 15 percent VAT on the newspaper industry as proposed in the 2017-18 budget.
Jatiya Party lawmaker Ziauddin Ahmed Bablu blasts Finance Minister AMA Muhith for allocating Tk 2000 crore in a bid to refinance different state banks in the proposed budget for FY 2017-18.
A ruling party lawmaker voices an opinion to amend the provision of constitution, allowing an MP to vote against respective political party. Also, Muhith draws flak at parliament for his 2017-18 budget.