bangladesh budget | The Daily Star
  • Bangladesh development budget

    Development spending rises 6yrs high

    The government spends 94.32 per cent of Tk 176,620 crore set aside as the development budget in the just-concluded fiscal year, data from the planning ministry showed.

  • Abul Maal Abdul Muhith

    Three major challenges

    Former finance minister AMA Muhith has said his successor faces three major challenges: increasing the size of the national budget, realising more revenue and improving the banking sector.

  • Next budget to be 'best' in my life: Muhith

    Finance Minister AMA Muhith says the upcoming budget for 2017-18 financial year will be the 'best budget' of his life.

  • Jatiya Sangsad, parliament, Bangladesh, Dhaka, Money Bill, 2016, tax and customs duties

    Parliament passes Tk 3,40,605cr nat’l budget

    Parliament passes Tk 3,40,605 crore national budget for FY 2016-'17 aimed at higher GDP growth, lower inflation and gearing up investment.

  • Agriculture Minister Matia Chowdhury, Finance Minister AMA Muhith, Bangladesh, savings certificate, Bangladesh politics, Bangladesh economy, 2016-17 fiscal budget

    Matia slams Muhith for proposed savings rate cut

    Agriculture Minister Matia Chowdhury sharply criticises Finance Minister AMA Muhith today in the parliament for his budget proposal to cut interest rate on savings certificates.

  • 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.

  • 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.

  • 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

  • Private investment biggest challenge

    The challenge of attracting private investment remains as daunting as ever, as the proposed budget did not give any clear outline to

  • 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.

  • 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.

  • Middle-class hit by tax burden

    Ariful Islam has been paying taxes regularly for the last several years on the income from his employment as a banker.

  • Girls drop out before SSC Examinations in Bangladesh

    Education gets a big boost

    The government broke with its tradition in education by boosting the allocation 32 percent year-on-year to Tk 49,009 crore for the next fiscal year.

  • Mobile bills to go up

    The cost of using a mobile phone would go up by more than two percent as the proposed budget looks to hike the supplementary duty on SIM usage.

  • Focus on fast-track projects

    The government has given top priority to eight fast-track mega projects in the upcoming budget, setting aside Tk 18,727 crore for them.

  • 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.

  • 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.

  • How will the government arrange the money?

    I must say that the budget is too ambitious in terms of size. It's 15.5 percent larger than the current FY's initial budget and 29 percent higher than the revised one.

  • 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.

  • Cash incentive for 16 export products

    A cash incentive scheme has been proposed for 16 export goods in the budget for next fiscal to boost the demand for those goods in external markets.

  • 'Mega' challenge

    In the stumbling block of concrete mess at Moghbazar, Minhaz Abedin waits patiently every day, worrying about his unemployed son, something he has been doing for the past three years now.

  • Budget to get 30pc bigger

    The size of the upcoming budget may go up by 30 percent from the current fiscal year's revised outlay as the government seeks to fast-track the giant projects and complete one or two in its current tenure. The planned Tk 340,600 crore budget for fiscal 2016-17 would be 17.4 percent of the gross domestic product. In terms of share in the GDP, the planned budget is almost the same as the budget of fiscal 2015-16.

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