Bangladesh budget 2019-20 | The Daily Star
  • high interest rate

    ‘Default loan causes high interest rate’

    The high interest rate remains in the banking sector due to the default loan, says Toufic Ahmad Choudhury, former director general of Bangladesh Institute of Bank Management (BIBM).

  • Bangladesh National Budget 2019-20 Passed in Jatitya Sangsad

    Tk 5,23,190cr budget passed in JS

    Parliament passes the Tk 5,23,190 crore national budget for 2019-20 fiscal themed as “Bangladesh on a Pathway to Prosperity: Time is Ours, Time for Bangladesh.”

  • Bangladesh parliament

    Finance Bill 2019 passed in JS

    The parliament passes the Finance Bill 2019 with some changes in value-added tax (VAT) and in the policy of capital market and handloom industry.

  • Every people will be benefited by the budget: PM

    Prime Minister Sheikh Hasina describes the proposed budget for FY 2019-20 as people-friendly, development-oriented and balanced one, saying that everyone will be benefitted by the budget as it will help continue the pace of ongoing development.

  • National Parliament

    MPs slam insufficient budget for education, health, culture

    Lawmakers from treasury and opposition benches lambaste Finance Minister AHM Mustafa Kamal for keeping insufficient allocation for education, health and culture sectors in the proposed budget for 2019-20 fiscal year.

  • Jatiya Sangsad

    Matia slams finance minister for increasing tax on family savings certificate

    Senior Awami League leader Matia Chowdhury lambastes Finance Minister AHM Mustafa Kamal for increasing tax on family savings certificate from five per cent to 10 per cent in the proposed budget for 2019-20 fiscal.

  • Budget positive for motorcycle makers

    The continuation of concessionary duties on raw material import for motorcycle manufacturers into fiscal 2019-20 would help the fast-growing sector, said market players.

  • Bangladesh's New VAT Law 2019

    New VAT system to bring in Tk 11,000cr more

    The National Board of Revenue expects to collect about Tk 11,000 crore more for imposition of VAT on various goods and services and increasing rates on many others, said its officials.

  • Advance tax on import: Importers not receiving delivery

    Many importers are not receiving delivery of their goods after five per cent of advance tax (AT) was imposed on almost all kinds of imported goods including raw materials and machinery under the new VAT law.

  • 15% tax on retained earnings of multinationals to affect FDI inflow

    Imposing 15 per cent tax on retained earnings of the multinational companies and their stock dividends will affect the inflow of Foreign Direct Investment (FDI) as the companies will feel discouraged to reinvest from their earnings, says the official of a leading trade body.

  • budget 2019-20

    NGO’s want more budget for the disabled

    A group of non-government organisations have called upon the government to reconsider the budgetary allocation for people with disabilities.

  • Proposed Bangladesh National Budget 2019-20

    Budget Discussion: Opposition slams govt over paddy price

    Opposition lawmakers yesterday came down heavily on the government for its failure to ensure fair price of paddy and check money laundering, soaring loan defaults and black money.

  • BGMEA President Rubana Huq

    Garment exporters not happy with budget proposals

    Apparel exporters yesterday voiced their dissatisfaction with the 1 percent cash incentive handed to them in the proposed budget for

  • budget for rich people

    Budget will make the rich even richer: Manna

    Nagarik Oikya Convener Mahmudur Rahman Manna says the proposed budget for fiscal year 2019-20 is not pro poor people rather it will make the rich even richer.

  • Gonoforum, Ganosamhati slam budget; AL dismisses criticism as ‘fabricated’

    Ruling Awami League yesterday claimed that the proposed budget is “people-friendly”, but said its implementation will be challenging.

  • Bangla SMS charge

    Hiking tax on mobile phone use suicidal

    The Association of Mobile Telecom Operators of Bangladesh (AMTOB) yesterday criticised the proposal to raise the supplementary duty on mobile phone use by 5 percentage points from fiscal 2019-20, terming it a “suicidal decision”.

  • New VAT law

    New VAT law will push up living cost

    The new VAT law may increase cost of many goods and services and hurt consumers, analysts said yesterday.

  • New VAT law

    New VAT law to hurt consumers: Analysts

    The government’s move to implement the new VAT law without rebate facility for reduced rates will hurt consumers because of price spike of many goods and services, analysts say.

  • Gonoforum President Kamal Hossain

    Budget anti-people: Gonoforum

    Gonoforum rejects the proposed national budget for 2019-20 fiscal terming it as frustrating and anti-people.

  • Budget pro-people: AL

    Awami League General Secretary Obaidul Quader today said the proposed budget for fiscal 2019-20 is pro-people and there is no negativity in it.

  • Manage deficit financing from other sources rather than banking channel: FBCCI

    The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) urges the government to manage fund from other sources rather than banking channel to finance the deficit financing in 2019-20 fiscal.

  • vat

    Make new VAT law business-friendly

    Leading business associations yesterday urged the government to ensure easy, hassle-free and business-friendly implementation of the new VAT law.

  • BNP's Flag

    New budget to increase inequality

    Terming the proposed national budget “highly ambitious”, the BNP yesterday said the people of the country would not accept the budget as it would increase inequality.

  • The affluent to benefit more

    The budgetary measures for fiscal 2019-20 will favour the beneficiaries of “economic misrule” and hurt the middle and lower mid-income groups, the Centre for Policy Dialogue said yesterday.

  • TIB slams amnesty for black money

    Transparency International Bangladesh (TIB) yesterday strongly condemned the proposed amnesty for black money in the budget for fiscal 2019-20 and termed it “unconstitutional, immoral and discriminatory”.

  • Pay more for digital delight

    At a time when the government should be encouraging virtual businesses, Finance Minister AHM Mustafa Kamal has proposed 7.5 percent value-added tax on them in his budget for fiscal 2019-20, making their services dearer.

  • BNP terms budget ‘highly ambitious’

    Main political opposition BNP terms the budget for fiscal 2019-20 highly ambitious.

  • Budget to facilitate high-income people: CPD

    The proposed national budget for 2019-20 fiscal year will ensure facilities only to high-income people, says Centre for Policy Dialogue (CPD) distinguished fellow Dr Debapriya Bhattacharya.

  • 60,000 flats to be built under PPP

    Bangladesh government has planned to build 60 thousand flats under the public-private partnership (PPP) system in Purbachal, which is a new city of Dhaka.

  • Smartphone import to be costlier

    Imported smartphones are scheduled to turn much costlier as the government has proposed increasing supplementary duty from 10 percent to 25 percent.

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