Dhaka April 21, 2025, 8:46 pm
Both the members of income tax and value added tax (VAT) have said the government devises fiscal measures considering the current economic situation such as the Covid-19 pandemic when the industry needs support
A total of Tk 568,000 crore was allocated in favour of 62 ministries and divisions in the budget of 2020-21 fiscal
The minister said while replying to a cut-motion placed by opposition MPs over allowing additional grant demand for the Finance Institution Division in the Supplementary Budget of 2020-21 Fiscal Year
Experts came up with such views at a webinar on "Impact of Covid-19 on CMSMEs and Understanding their Recovery: Evidence from BSCIC Industrial Estates" organized jointly by Economic Reporters’ Forum (ERF) and PRISM Programme
Although the per capita income has gone up by 9 percent, the price of low-tier tobacco products has not been raised in the proposed budget
The revenue board has projected the collection of an additional VAT revenue of Tk 60 billion from three areas in the upcoming fiscal year (FY)
ICAB said that the government spending will have to increase in all sectors where domestic products and services are used… as a result, employment in the country and the flow of money to the people will rise
The government has set the next fiscal’s revenue target at Tk 3.89 trillion, which is achievable considering the country’s economic volume and the number of people with taxable income
It has also advocated for whitening untaxed money for investment in the private sector
Analysts have forecast increased reliance on foreign aid as the government targets 2.9-percent external assistance of the gross domestic product (GDP) to minimise deficit
Eminent economist Dr Atiur Rahman has said the government should prioritise vaccinating 60 to 70 per cent of the population as soon as possible to get success in social and economic recovery from pandemic-induced slowdown
CSOs criticized national budget 2021-22 and opined as Bank Sector reform is fundamental
The government’s work is not revenue generation only. Its major objective is employment generation. The fiscal measures will help it
"With a view to achieving social inclusion of the third gender, besides introducing a special provision, I propose to fix the tax-free ceiling at Taka 3,50,000 for this community,” said Finance Minister A H M Mustafa Kama
Allocation for at least 14 ministries and divisions has been reduced in the proposed budget for fiscal 2021-22 compared to the proposed allocation of the previous fiscal year
The independent think-tank made the suggestion while sharing their observation at an event – An Analysis of the National Budget for FY2021-22 – in the capital on Friday
TIB is also drawing attention to the fact that this discriminatory and unconstitutional benefit should not be included in any other way out of respect to the honest taxpayers
In ensuring balanced development, attracting investment and improving business environment, the importance of reform is immense
Finance Minister AHM Mustafa Kamal revealed this information while presenting the budget for 2021-2022 fiscal year on Thursday afternoon
As per the proposed budget document, the poverty rate has also become half in the last 15 years. The poverty rate was 41.5 percent in FY 2005-2006 and now it has come down to 20.5 percent
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