bangladesh budget

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.

June 3, 2016
June 3, 2016

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.

June 3, 2016
June 3, 2016

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...

June 3, 2016
June 3, 2016

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.

June 3, 2016
June 3, 2016

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.

June 3, 2016
June 3, 2016

Budget anti-people

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

June 3, 2016
June 3, 2016

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.

June 3, 2016
June 3, 2016

Down under VAT glut

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

June 3, 2016
June 3, 2016

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...

June 3, 2016
June 3, 2016

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.

June 3, 2016
June 3, 2016

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.