ambitious budget | The Daily Star

  • Of Obesity or Good Health?

    The Finance Minister has proposed a mega Tk.3.4 trillion budget for the upcoming fiscal year 2016-17. It is about 29 percent higher than the revised budget of the outgoing fiscal year.

  • Nothing new in budget fy 2018-19 Raushan Ershad

    Budget difficult to implement: Raushan

    Terming the proposed 2016-17 national budget “highly ambitious”, Opposition Leader in the parliament Raushan Ershad says it will be very difficult to implement this big size budget.

  • No one in BNP to give reactions

    The BNP that ruled the country for over 10 years in two terms since the restoration of democracy in Bangladesh in 1990 is struggling to come up with formal reactions to the proposed budget for fiscal 2016-17.

  • Hike in source tax ‘absurd’

    The proposed 1.5 percent tax at source on export is 'absurd' and 'abnormal' as such a high rate might hamper the growth of local

  • Ambitious targets set deliberately

    Finance Minister AMA Muhith yesterday said he deliberately set an ambitious revenue generation target in the upcoming budget, hoping for more tax collection by the National Board of Revenue. “I have said in the budget speech that it is deliberately ambitious,” he told reporters at a post-budget briefing in the capital's Osmani Memorial Auditorium.

  • Allocation rises for digitisation

    The proposed budget for the upcoming fiscal year increases investment in digitising government services by 36.01 percent year on year.

  • An ambitious budget

    The finance minister has presented the 45th annual budget of Tk3.4 trillion that is 29 per cent bigger than the last fiscal.

  • Budget anti-people

    Opposition leaders yesterday termed the proposed budget for the next fiscal year anti-people and not feasible.

  • Super rich have to pay more taxes

    The super rich would have to pay more tax as the budget proposed restructuring the surcharge on individual's net wealth and increase the maximum rate up to 30 percent.

  • Down under VAT glut

    Returning early from work, Mahbub Alam, an employee of a non-government organisation, flopped down on his couch and

  • VAT to push up cost of living

    The government has backtracked from its decision to roll out the new VAT law from July due to resistance from businesses and a section of revenue officials and inadequate preparation from the National Board of Revenue.

  • Tobacco tax to benefit multinationals

    Multinational tobacco companies will benefit from the proposed budget as the finance minister has not increased the prices of medium and high segment cigarettes.

  • New jobs to stay elusive

    The parameters of employment generation show it would be a tough task for the government in the next fiscal year to create adequate jobs, which is a key element for higher economic growth.

  • Revenue target very ambitious

    While economists have praised the proposed budget's emphasis on mega projects, skill development and job creation, they have termed the revenue generation target very ambitious.

  • Big dream, grim reality

    Finance Minister AMA Muhith has really dreamt of a big budget in every respect -- from expenditure to revenue generation. And he no longer wants to live in the 6 percent GDP class to push beyond 7 percent. But his big dream promises to put extra pressure on people across the board, as he plans through his VAT and other tax proposals to extract that extra penny from every pocket.

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