Bangladesh National Budget 2019-20 | The Daily Star
  • Bangladesh National Budget 2019-20 Passed in Jatitya Sangsad

    Tk 5,23,190cr budget passed in JS

    Parliament passes the Tk 5,23,190 crore national budget for 2019-20 fiscal themed as “Bangladesh on a Pathway to Prosperity: Time is Ours, Time for Bangladesh.”

  • Bangladesh Budget

    NBR to lose Tk 400cr for pampering tobacco companies

    The National Board of Revenue’s move to change the VAT and Supplementary Duty Act 2012 to offer input tax credit to cigarette

  • Bangladesh's New VAT Law 2019

    New VAT system to bring in Tk 11,000cr more

    The National Board of Revenue expects to collect about Tk 11,000 crore more for imposition of VAT on various goods and services and increasing rates on many others, said its officials.

  • Bangladesh Budget for Textile millers

    Textile millers seek exemption of 5% VAT on sale of local yarn

    Textile millers demand an exemption of 5 per cent value added tax (VAT) on sale of local yarn to make the domestic yarn market more competitive.

  • Proposed Bangladesh National Budget 2019-20

    Budget Discussion: Opposition slams govt over paddy price

    Opposition lawmakers yesterday came down heavily on the government for its failure to ensure fair price of paddy and check money laundering, soaring loan defaults and black money.

  • New VAT law

    New VAT law to hurt consumers: Analysts

    The government’s move to implement the new VAT law without rebate facility for reduced rates will hurt consumers because of price spike of many goods and services, analysts say.

  • Gonoforum President Kamal Hossain

    Budget anti-people: Gonoforum

    Gonoforum rejects the proposed national budget for 2019-20 fiscal terming it as frustrating and anti-people.

  • Manage deficit financing from other sources rather than banking channel: FBCCI

    The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) urges the government to manage fund from other sources rather than banking channel to finance the deficit financing in 2019-20 fiscal.

  • TIB slams amnesty for black money

    Transparency International Bangladesh (TIB) yesterday strongly condemned the proposed amnesty for black money in the budget for fiscal 2019-20 and termed it “unconstitutional, immoral and discriminatory”.

  • Pay more for digital delight

    At a time when the government should be encouraging virtual businesses, Finance Minister AHM Mustafa Kamal has proposed 7.5 percent value-added tax on them in his budget for fiscal 2019-20, making their services dearer.

  • vat

    Make new VAT law business-friendly

    Leading business associations yesterday urged the government to ensure easy, hassle-free and business-friendly implementation of the new VAT law.

  • BNP's Flag

    New budget to increase inequality

    Terming the proposed national budget “highly ambitious”, the BNP yesterday said the people of the country would not accept the budget as it would increase inequality.

  • The affluent to benefit more

    The budgetary measures for fiscal 2019-20 will favour the beneficiaries of “economic misrule” and hurt the middle and lower mid-income groups, the Centre for Policy Dialogue said yesterday.

  • Online shopping getting costlier for VAT slap

    Amid growing popularity, online shopping is getting costlier soon for the proposed value added tax (VAT) imposed on it in the budget for fiscal 2019-20.

  • mobile phone price rise

    Mobile phone calls may get costlier

    Mobile phone services are likely to become costlier from today due to increased taxes. The National Board of Revenue sent a regulatory order to the mobile carries to increase the supplementary duty (SD) to 10 percent from 5 from midnight yesterday.

  • vat

    New VAT Regime New concern for consumers

    Shifting from its initial plan to slap a uniform rate, the government has finally proposed four rates of Value Added Tax to please businesspeople and take them on board to implement the new VAT law from the next fiscal year.

  • Devalue Taka to help garment exporters

    The government should support the garment exporters by devaluing taka against US dollar instead of giving them direct cash incentives, two economists said yesterday.

  • Smoking gets costlier

    The government has significantly raised the prices of tobacco products to curb consumption.

  • Bangladesh banking sector

    PLEDGES there, ‘HOW’ missing

    Rejaul Karim, a college teacher by profession, took a personal loan of Tk 6 lakh at 9.50 percent interest from a private commercial bank in 2015 to tackle some family emergencies.

  • Smartphone import to be costlier

    Imported smartphones are scheduled to turn much costlier as the government has proposed increasing supplementary duty from 10 percent to 25 percent.

  • Gloom of growers not going away

    Gani Mia is a farmer with no land of his own. He grows paddy, jute and other crops in others’ fields. His story, though fictitious, is in school textbooks and etched in the minds of many. It stands true for a large number of the country’s farmers, especially the marginal ones.

  • BUDGET SPEECH: PM helps out ailing Kamal

    Prime Minister Sheikh Hasina yesterday presented parts of the national budget as Finance Minister AHM Mustafa Kamal fell sick halfway through his speech.

  • Safety for 16 lakh more

    In a push to widen the social safety net, the government decided to include all registered differently abled people, and more marginalised and vulnerable ones under its protection.

  • Deficit financing to be expensive

    The government has resorted to deficit financing, largely through bank borrowing and sale of high-cost savings certificates, increasing the interest payment burden on its shoulders and fuelling inflation.

  • Gas subsidy to double

    Finance Minister AHM Mustafa Kamal yesterday proposed doubling the subsidy for the gas sector to Tk 9,600 crore for 2019-20, from Tk 4,500 crore in the previous year.

  • Long on promises, short on specifics

    All eyes were on fever-stricken Finance Minister AHM Mustafa Kamal as he stepped into parliament to unveil his maiden national budget yesterday.

  • A little for the jobless

    More than a year ago, when Mohammad Zayed graduated from a university college in the capital, his family started expecting that he would soon take over the financial responsibility.

  • Proposed Bangladesh National Budget 2019-20

    Growth-friendly, albeit unrealistic

    The new budget is growth-friendly and has set ambitious goals but shied away from addressing the key challenges confronting the economy, said a number of economists in their immediate reactions.

  • Mega but slow

    In 2010, the government decided to construct a 128-kilometre (km) metre gauge rail track to link Chattogram with tourist town Cox’s Bazar at a cost of Tk 1,852.35 crore.

  • ‘Most shoddy food items taken off shelves’

    Bangladesh Food Safety Authority (BFSA) has prepared a report claiming that it has removed most of the 52 substandard food items from the market across the country and filed 52 cases against the companies concerned as per the High Court directives.