Dhaka February 24, 2025, 10:22 pm
The chamber body expressed its concern over the use of (government's) revenue to meet the deficit of the state-owned enterprises (SoEs) and the public sector commercial banks
It termed the projected revenue unrealistic and pointed out that there is no clear guideline over the source of the funds for implanting the budget.
Finance Minister Abul Maal Abdul Muhith has said all targets set in the proposed budget for next fiscal year (2018-19) are achievable.
AMA Muhith said yesterday that his government has prepared the budget after careful analyses and calculations.
5 percent VAT on e-commerce and digital business platforms such as facebook
AMA Muhith set aside an allocation of Tk 30,588 crore for the education ministry and another Tk 22,466 crore for primary and mass education ministry
Finance Minister AMA Muhith proposed to increase the supplementary duty on energy drinks to 35 per cent from the existing 25 per cent considering its “adverse health impacts”
Of the total allocation, Tk 1,193 crore will be spent for the operating purpose and the rest of Tk 305 crore for the development sector
Finance Minister AMA Muhith has proposed to allocate Tk 400 crore in 2018-19 fiscal to support insolvent war-wounded and sick freedom-fighters or their spouses, children or grand-children
Muhith propose some small reforms by imposing a surcharge on individuals who own two motor cars or house property with an aggregate area of 8,000 square feet in a city corporation
Finance Minister AMA Muhith today proposed to borrow Tk 42,029 crore from the banking sources to manage the deficit financing.
The finance minister said that radical reforms to the tax system are necessary because economic globalisation and the rise of information and communication technology have had a significant impact on taxation systems around t
The tax rate, now levied on the banks, insurance and financial entities listed with the capital market, has also been proposed to be cut to 37 per cent from 37.5 per cent
Muhith proposed corporate tax for the non-listed garment sector at 15 percent from the revised rate of 12 percent. The minister also proposed 2 percent increased corporate tax rate for the green garment factories at 12 percen
The high interest rate of savings instruments, seemingly to gain popularity in the election year,has pushed up the government’s budget expenditure. Most of the interest payments will meet the government’s domestic borrowing c
The allocation for women in the national budget increased by five folds in the last nine years as the allocation was Tk27,248 in 2009-10
A block allocation for certain specific purposes of risk arising out of earthquake, women entrepreneurship, women development, skill development and poverty reduction activities of three foundations
To sustain the trend of higher growth in coming days the contribution of industrial sector to GDP will have to be increased which calls for stronger focus on increasing productivity; thus our dependency on ICT will be increas
This will enable the National Board of Revenue to have real-time access to business transactions which will eventually protect revenue leakage and increase revenue collection significantly
The proposed allocation for the power division and the energy and mineral resources division is up 2.72 percent compared to the revised budgetary allocation of Tk 24,260 crore for the sector in the current fiscal year
