budget 2016-17
No one in BNP to give reactions
The BNP that ruled the country for over 10 years in two terms since the restoration of democracy in Bangladesh in 1990 is struggling to come up with formal reactions to the proposed budget for fiscal 2016-17.
Of Obesity or Good Health?
The Finance Minister has proposed a mega Tk.3.4 trillion budget for the upcoming fiscal year 2016-17. It is about 29 percent higher than the revised budget of the outgoing fiscal year.
No one in BNP to give reactions
The BNP that ruled the country for over 10 years in two terms since the restoration of democracy in Bangladesh in 1990 is struggling to come up with formal reactions to the proposed budget for fiscal 2016-17.
Allocation rises for digitisation
The proposed budget for the upcoming fiscal year increases investment in digitising government services by 36.01 percent year on year.
Hike in source tax ‘absurd’
The proposed 1.5 percent tax at source on export is 'absurd' and 'abnormal' as such a high rate might hamper the growth of local
Private investment biggest challenge
The challenge of attracting private investment remains as daunting as ever, as the proposed budget did not give any clear outline to
Ambitious targets set deliberately
Finance Minister AMA Muhith yesterday said he deliberately set an ambitious revenue generation target in the upcoming budget, hoping for more tax collection by the National Board of Revenue. “I have said in the budget speech that it is deliberately ambitious,” he told reporters at a post-budget briefing in the capital's Osmani Memorial Auditorium.
Revenue target very ambitious
While economists have praised the proposed budget's emphasis on mega projects, skill development and job creation, they have termed the revenue generation target very ambitious.
Middle-class hit by tax burden
Ariful Islam has been paying taxes regularly for the last several years on the income from his employment as a banker.
Education gets a big boost
The government broke with its tradition in education by boosting the allocation 32 percent year-on-year to Tk 49,009 crore for the next fiscal year.
Mobile bills to go up
The cost of using a mobile phone would go up by more than two percent as the proposed budget looks to hike the supplementary duty on SIM usage.