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.

Terming the proposed 2016-17 national budget “highly ambitious”, Opposition Leader in the parliament Raushan Ershad says it will be very difficult to implement this big size budget.

Finance Minister AMA Muhith says the government plans to introduce pension scheme for the private sector by the end of its tenure in 2019.

The challenge of attracting private investment remains the same as the government in the proposed budget for 2016-17 fiscal year did not give any clear outline to boost confidence of investors, Centre for Policy Dialogue (CPD) says in its budget reaction.

The finance minister has presented the 45th annual budget of Tk3.4 trillion that is 29 per cent bigger than the last fiscal.

I must say that the budget is too ambitious in terms of size. It's 15.5 percent larger than the current FY's initial budget and 29 percent higher than the revised one.

The finance minister proposes changes to duties and taxes on different products, which will result in increase and decrease in their prices.

Internet use through WiFi and Wimax will get some boost as the finance minister proposes to reduce import duty on these products.