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.”
The National Board of Revenue’s move to change the VAT and Supplementary Duty Act 2012 to offer input tax credit to cigarette
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.
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.
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.
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 rejects the proposed national budget for 2019-20 fiscal terming it as frustrating and anti-people.
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.
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.
All eyes were on fever-stricken Finance Minister AHM Mustafa Kamal as he stepped into parliament to unveil his maiden national budget yesterday.
Total budget increased by 18 percent as compared to revised budget 2018-19. Similarly, development budget increased by 22 percent as compared to revised budget as well. No doubt, this is ambitious and involves lot of challenges in implementation.
It has become a tradition for the budget to be increased every year by 17-18 percent so this year, there was no reason to expect this to change. Generally, Bangladesh’s budget has maintained a sectoral balance in its stance, giving priority to education, agriculture, infrastructure and social sector expenditures.
The cost of mobile phone usage is going up from tonight as the national board of revenue has already sent statuary regulatory order (SRO) to all mobile phone operators soon after placing the proposed national budget for 2019-20 fiscal in the parliament.
Finance Minister AHM Mustafa Kamal, in his budget speech, has projected the Gross Domestic Product (GDP) growth rate at 8.2 per cent in the proposed national budget for 2019-20 fiscal.
Find the pie charts for the national budget for fiscal year 2019-20 that Finance Minister AHM Mustafa Kamal has placed in the parliament.
Finance Minister AHM Mustafa Kamal in his budget speech in the parliament says that the government will avoid issuing statutory regulatory order (SRO) without any abnormal situation to bring transparency in the revenue management.
Steps have been taken to bring all courts of the country within the ICT network through e-judiciary process to accelerate the disposal of cases, Finance Minister AHM Mustafa Kamal says in his budget speech at the parliament.
The price of gold will go down as a reduction of duty on its import has been proposed in the budget for fiscal year 2019-20.
Finance Minister AHM Mustafa Kamal has suggested a number of reforms to bring back discipline in the banking sector.