budget 2016-17
Budget 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.
Budget Proposal / 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.
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.
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
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
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.
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 percent. But his big dream promises to put extra pressure on people across the board, as he plans through his VAT and other tax proposals to extract that extra penny from every pocket.
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.
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.
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.
Down under VAT glut
Returning early from work, Mahbub Alam, an employee of a non-government organisation, flopped down on his couch and
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 National Board of Revenue.
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.
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.
