Bangladesh National Budget 2018-19
Nothing new in budget: Raushon
Terming the proposed budget “traditional”, Raushon Ershad, leader of the opposition in the parliament, says there is nothing new in it.
7 June 2018, 10:28 AM
Owners of more than 1 car, house to face surcharge
Owners of two motor cars or houses with an aggregate area of eight thousand square feet in a city corporation will have to pay 10 percent surcharge, Finance Minister AMA Muhith says in his budget speech.
7 June 2018, 10:14 AM
No good news for individual taxpayers
There is nothing new for individual taxpayers in the upcoming fiscal as the Finance Minister opted to stick to his previous stance.
7 June 2018, 10:10 AM
Tk 1,498 cr to be spent for development of sports
The government allocates Tk 1,498 crore for the Youth and Sports Ministry in the proposed budget for fiscal year 2018-19, Tk 307 crore up from the revised budget of the last fiscal year.
7 June 2018, 09:53 AM
Allocation for education sector raised by 11pc
The government proposes raising allocation in the education sector by 11 percent to Tk 53,054 crore for the next fiscal year compared to the revised allocation in the outgoing fiscal year.
7 June 2018, 09:53 AM
Prices of energy drinks, cigarette-bidi papers to rise
Energy drink and cigarette-bidi papers prices are expected to go up with the additional supplementary duty proposed in the budget for fiscal 2018-19.
7 June 2018, 09:49 AM
Wounded freedom-fighters, families to get Tk 400cr
Finance Minister AMA Muhith proposes 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.
7 June 2018, 09:22 AM
Tk 42,000cr bank borrowing to finance deficit
Finance Minister AMA Muhith proposes to borrow Tk 42,029 crore from the banking sources to manage the deficit financing.
7 June 2018, 09:20 AM
Budget: Prices up, prices down
Finance Minister AMA Muhith proposes changes to duties on different products, which will result in increase and decrease in their prices.
7 June 2018, 08:52 AM
Tk 1,37,742cr proposed for women welfare
Finance Minister AMA Muhith proposes a Tk1,37,742 crore allocation for women's development in the fiscal year 2018-19, which is 29.65 per cent of the total budget and 5.34 per cent of the GDP.
7 June 2018, 08:50 AM
Corporate tax hiked for RMG units
Corporate tax for the readymade garments units will be hiked to 15 per cent, what Finance Minister AMA Muhith proposes in his budget for fiscal 2018-19.
7 June 2018, 08:48 AM
Tk 300cr to fight earthquake
Finance Minister AMA Muhith proposes to keep a block allocation of Tk 300 crores for managing risks arising out of earthquake.
7 June 2018, 08:38 AM
Electronic Fiscal Devices to be mandatory to avoid VAT evasion
Resorts, hotels and businesses will have to use electronic fiscal devices (EFD) from the next fiscal year -- a move the revenue authorities have taken to combat value-added tax evasion.
7 June 2018, 08:28 AM
Muhith sets record placing 10 consecutive budgets
Finance Minister AMA Muhith becomes the first finance minister in Bangladesh history to present 10 consecutive national budgets.
7 June 2018, 08:17 AM
Duty on imported rice re-imposed to protect farmers
Finance Minister AMA Muhith today proposes to re-impose 25 per cent customs duty and 3 per cent regulatory duty on rice imports to protect the farmers as the country got a bumper paddy production in the boro season.
7 June 2018, 08:03 AM
Big spike in govt’s interest payment
The government will spend Tk 51,340 crore for interest payment in the upcoming fiscal year which is 11 percent of total proposed budget of Tk 4,64,573 crore.
7 June 2018, 07:56 AM
20% of total budget for children by 2020: Muhith
Finance Minister AMA Muhith sets a goal to allocate 20 percent of total budget for children by 2020 as part of mainstreaming children development in the national planning and budgeting.
7 June 2018, 07:27 AM
Cosmetics, toiletries to get costlier
Fresh duty schemes have been drawn up on cosmetics and toiletries items, which is expected to push the prices of such items higher.
7 June 2018, 07:17 AM
Govt sets 7.8% GDP growth target, inflation drops to 5.6pc
The government has set a target of 7.8 per cent GDP growth for the next fiscal year.
7 June 2018, 07:14 AM
Allocation for telecom, ICT declined 6.64 per cent
Allocation for the telecom and ICT ministry declines about 6.64 per cent to 6,064 crore in the proposed budget of 2018-19 fiscal which is placed by Finance Minister MA Muhith at the Jatiya Sangsad.
7 June 2018, 07:09 AM