Bangladesh National Budget 2019-20

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.”

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

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.

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.

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 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.

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

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 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.

June 14, 2019
June 14, 2019

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.

June 13, 2019
June 13, 2019

Budget targets ambitious

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.

June 13, 2019
June 13, 2019

Overall stance remains pro-growth

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.

June 13, 2019
June 13, 2019

Mobile bill will go up from tonight

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.

June 13, 2019
June 13, 2019

8.2 % GDP growth projected in budget

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.

June 13, 2019
June 13, 2019

Budget 2019-20 in pie charts

Find the pie charts for the national budget for fiscal year 2019-20 that Finance Minister AHM Mustafa Kamal has placed in the parliament.

June 13, 2019
June 13, 2019

No SRO without abnormal situation: Finance minister

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.

June 13, 2019
June 13, 2019

All courts to be brought under e-judiciary process: Finance minister

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.

June 13, 2019
June 13, 2019

Gold prices to go down

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.

June 13, 2019
June 13, 2019

Finance Minister proposes number of reforms in banking sector

Finance Minister AHM Mustafa Kamal has suggested a number of reforms to bring back discipline in the banking sector.

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