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.

June 3, 2016
June 3, 2016

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.

June 3, 2016
June 3, 2016

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.

June 3, 2016
June 3, 2016

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.

June 3, 2016
June 3, 2016

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.

June 3, 2016
June 3, 2016

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.

June 3, 2016
June 3, 2016

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.

June 3, 2016
June 3, 2016

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.

June 3, 2016
June 3, 2016

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.

June 2, 2016
June 2, 2016

Package VAT doubled for small traders

In face of protests from businessmen, the government has decided not to implement a flat VAT rate for small traders and instead almost doubled the package VAT.

June 2, 2016
June 2, 2016

Mobile phone use to get costlier

Cost for mobile phone use will increase in the next fiscal as Finance Minister AMA Muhith proposed to hike the duty on SIM card-related services to 5 percent.