Bangladesh Budget 2018-19 | The Daily Star
  • Bangladesh Road Transport Bill 2018 placed in Jatiya Sangsad

    Minister suggests lowering prices of liquor

    Housing and Public Works Minister Engr Mosharraf Hossain suggests cutting down customs duty on liquor for the sake of flourishing tourism in the country.

  • Remittance decreases

    No VAT on remittance: NBR

    No VAT or tax has been imposed on remittance in the proposed budget for 2018-19 fiscal year, the National Board of Revenue (NBR) says.

  • AMA Muhith

    Muhith under attack in JS for mollycoddling banks

    Opposition MPs continue their scathing attacks on Finance Minister AMA Muhith in Parliament for his 'failure' to restore discipline in the banking sector.

  • Federation of Bangladesh Chambers of Commerce and Industry

    Punish those involved in Bank scam: FBCCI

    The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) demands stern punishment for the people involved in in misappropriating money from the country's banks.

  • Cut corporate tax for all sectors

    Leading chambers and trade bodies yesterday criticised the government's 2.5 percent corporate tax cut proposal for only banks and financial institutions in fiscal 2018-19, saying the move would not bring in the desired private or foreign investments.

  • Tax measures to hurt middle class

    The proposed budgetary measures for fiscal 2018-19 will benefit the high and low income people, leaving the middle- and lower middle-class, which form the majority of Bangladesh's population, strained, said the Centre for Policy Dialogue yesterday.

  • ‘No VAT on online shopping’

    Online shopping will be excluded from the purview of 5 percent value added tax (VAT) that was proposed on virtual businesses in the budget for FY 2018-19.

  • Digital marketing to come under tax net

    The government plans following in Europe's footsteps to tap digital marketing's popularity, with Finance Minister AMA Muhith yesterday proposing introducing provisions on taxing earnings of networking tech giants such as Facebook, Google and Youtube.

  • Supplementary Budget: Muhith says sorry for inadequate discussions

    For the first time in Bangladesh, a finance minister apologised for his inability to create an opportunity to hold elaborate discussions on supplementary budget in parliament.

  • Raising revenue an uphill battle: businesses

    Chamber and trade body leaders yesterday said the government would struggle to generate higher revenue in the course of implementing the budget in the election year.

  • Bowing to banks

    The government is continuing to treat banks with kid gloves instead of going tough on them for the rampant financial irregularities and continued poor judgement.

  • Rich to be barred from buying savings tools

    The government is going to connect the national savings certificate (NSC) buyers' database with that used in the creation of national identity (NID) cards to prevent the certificates from going into the hands of ineligible people.

  • No cheers in tax measures

    Every year when the budget is placed in the parliament, Taufiq Hasan, a 35-year-old private sector employee, gets all worked up about which products and services he would have to pay more the following fiscal year.

  • Budget not realistic: analysts

    The proposed budget for the next fiscal year is unrealistic, as it lacks significant structural and policy changes, analysts said in their immediate reaction yesterday.

  • No prescription for 'slow' virus

    Fast-track projects, as the title suggests, are supposed to be implemented at breakneck speed because they boost economic activities once they are complete.

  • Jute mills to be revived by PPP initiatives

    The government will bring an end to the vulnerable situation public jute mills are in by running those under the public private partnership (PPP) model.

  • A little for stock investors

    A corporate tax cut for listed banks, insurance companies and financial institutions and announcement of development measures for the bond market are the only achievements of stock investors from the budget announced for FY 2018-19.

  • Corporate tax to rise for apparel

    The proposed rise in corporate tax will hurt the flow of fresh investment into the garment sector as entrepreneurs will feel discouraged to inject fresh funds, said the top leader of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) yesterday.

  • Health sector uncared for

    Asad Kazi of Bagerhat was advised dialysis for kidney disease. His wife Hawa told doctors that they wanted medicinal treatment as dialysis would cost them Tk 7,000 a month on average.

  • Education lacks due attention

    As the government had formulated National Education Policy immediately after coming to power in 2009, educationists started advocating for spending at least six percent of the GDP for education.

  • DIGITAL SERVICES: When popular, made pricier

    Customer will have to pay more for products and service bought from one's mobile phone as the government yesterday introduced a 5 percent value-added tax on those from next fiscal year and also raised the surcharge on handset imports.

  • Lofty goals, fragile base

    It looks like another repeat story. We had a big budget that failed to achieve its targets. Now we are pushing for a bigger one with higher targets. But with the ground reality remaining the same, are we to see a story foretold for the next year?

  • Interest burden getting heavier

    Interest payments get the fourth highest allocation, which is also higher than the combined allocation for health, social security and welfare in the proposed budget for 2018-19.

  • Jobs there, not right skills

    Samidul Haque obtained a BBA degree from a private university a year ago.

  • Allocation of total government expenditure by sectors

    Fy 2018-19...

  • Business-as-usual budget

    Finance Minister AMA Muhith presented the FY2018-19 national budget to parliament yesterday. This is a historic event in the sense that it is his tenth consecutive budget that reflects the continuity in fiscal management.

  • History of Budget

    National Budget 2018-19 ....

  • New squeeze for middle class

    Shifa Hosne and her husband have been saving up money to buy a small flat in the city, where property price is already way beyond the capacity of service holders with fixed income.

  • Government employees home loan

    Home loan for public servants, policy effective from 2018-19

    Government employees can get loans for the construction of house or purchase of flats anywhere in the country as a policy guideline has already been formulated for providing such loan from the banking system.

  • To win votes with bluff: BNP’s take on budget

    BNP strongly criticises the budget Finance Minister AMA Muhith placed in the parliament, saying it is imaginary and aimed to gain popularity ahead of the election.

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