Finance Minister AMA Muhith, on Thursday, unveiled a Tk. 222,491 crore populist budget for the 2013-14 fiscal year, in Jatiya Sangsad, by avoiding imposition of any significant tax burden and by expanding social safety net programmes. The budget, having a deficit of 4.6 per cent, eyes 7.2 per cent GDP growth for the next fiscal ... Read more
upcoming year
Budget in the eyes of leading economists
Prominent economist Mirza Azizul Islam has described the prevailing political uncertainty in Bangladesh as the main hurdle in achieving the goals prescribed in the budget proposals placed before Parliament on Thursday. “If the present political uncertainty is not resolved, most of the goals prescribed in the budget proposals are not likely to be achieved. We ... Read more
FBCCI calls budget ‘growth-oriented’
Terming the proposed budget for the fiscal year 2013-14 as growth-oriented, investment and business-friendly, Bangladesh’s apex trade body, the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), said that the implementation of the budget would largely depend on the country’s political stability. Finance minister AMA Muhith presented the
People’s aspirations, hopes not reflected in budget: BNP
Opposition Bangladesh Nationalist Party has said the hopes and aspirations of the people have not been reflected in the proposed budget for fiscal 2013-14. Giving an instant reaction to reporters at the media centre at Parliament soon after the placement of the national budget for fiscal 2013-14, BNP leader MK Anwar said the prices of ... Read more
Pay more for smoking: Bidi tax up, cigarette costlier
After four years, the government has decided to increase tax on biri. Cigarette price has also been increased in the current budget. Rate of supplementary duty (excise tax) on biri has been increased from 20% to 30%. Moreover, the ‘tariff value’ (used as the base price for taxation) has been hiked from Tk. 3.16 to ... Read more
Budget portrays a rosy picture of economy
The hopes and aspirations as reflected in the budget of the upcoming year must be assessed in the light of the prevailing hard economic and political realities of Bangladesh. The global economic environment is also pertinent in this context. Like any other annual budget of the country, the proposed one also portrays a rosy picture ... Read more