Bangladesh budget 2019-20

Govt employees under insurance coverage

The government will bring all of its employees under insurance coverage, says Finance Minister AHM Mustafa Kamal in his budget speech.
13 June 2019, 11:05 AM

Govt plans pension scheme for all

The budget for fiscal 2019-20 includes plan for pension for all. Pension for all employed citizens in both formal and informal sectors will be ensured gradually, says the budget proposal placed at parliament.
13 June 2019, 11:03 AM

15% tax on stock dividend, retained earnings

Fifteen per cent tax has been imposed on stock dividend distributed to the shareholders by any listed company in the proposed budget for fiscal 2019-20.
13 June 2019, 11:00 AM

10% supplementary duty on issuance of vehicle registration

Finance Minister AHM Mustafa Kamal proposed 10 per cent supplementary duty on issuance or renewal of all kinds of vehicles registration, route permit, fitness certificates, ownership certificate.
13 June 2019, 10:52 AM

Govt plans to modernise ACC to curb graft

Bangladesh government is planning to modernise the Anti-Corruption Commission (ACC) in order to curb corruption in the country.
13 June 2019, 10:52 AM

Spending in education to rise

The government proposes raising allocation in the education sector by 17 percent to Tk 61,118 crore in the budget for the next fiscal year compared to the revised allocation in the outgoing fiscal year.
13 June 2019, 10:38 AM

RMG sector gets highest 5% cash incentive

Dominating export sector, the readymade garments industry is getting a highest cash incentive of 5 per cent in the budget for fiscal 2019-20.
13 June 2019, 10:25 AM

No hike in income tax, plan to widen collection

With a plan to collect more tax, Finance Minister AHM Mustafa Kamal proposes not to increase the tax rate.
13 June 2019, 10:16 AM

Tk 100cr for people displaced by river erosion

Finance Minister AHM Mustafa Kamal proposes allocation of Tk 100 crore to facilitate rehabilitation of the people affected by river erosion.
13 June 2019, 10:00 AM

Mobile phone use cost to increase 5 per cent

Mobile phone users are going to face higher bills for usage as supplementary duty proposed to make double as 10 per cent from its existing 5 per cent in the proposed budget.
13 June 2019, 09:45 AM

Power, energy get Tk 28,051cr

Finance Minister AHM Mustafa Kamal proposes to allocate Tk 28,051 crore for the power and energy sector in the new fiscal year, up by 5.84 per cent from Tk 26,502 crore in 2018-19.
13 June 2019, 09:42 AM

New schools to be added to MPO list

Necessary funds are allocated for the enlistment of new schools under MPO (Monthly Pay Order) system in the proposed national budget for FY 2019-20.
13 June 2019, 09:32 AM

Tk 5.2tr budget aims 8.2% growth

The budget for fiscal 2019-20 is aiming for a growth rate of 8.2 per cent, banking heavily on the expected growth of the running fiscal.
13 June 2019, 09:27 AM

Budget prioritises business, pvt sector growth

The budget for fiscal 2019-20 is focusing on grooming business and private sector growth, Finance Minister AHM Mustafa Kamal has said.
13 June 2019, 09:26 AM

Budget FY 2019-20: Revenue collection estimated at Tk 3,77,810 crore

Total revenue collection is estimated at Tk 3,77,810 crore in the proposed national budget for fiscal year 2019-20.
13 June 2019, 09:23 AM

Cabinet okays national budget for FY 2019-20

The cabinet has approved the proposed national budget for fiscal year 2019-20. It was approved around 2:15pm with Prime Minister Sheikh Hasina chairing the special meeting held at the parliament complex, Parliament Secretariat sources said.
13 June 2019, 08:38 AM

Budget documents to be available on websites

Budget documents will be available on different websites of the government, as Finance Minister AHM Mustafa Kamal is set to announce the proposed national budget for FY20 this afternoon.
13 June 2019, 07:24 AM

Public enterprises incur Tk 4,325cr losses

After a span of five years, state-owned enterprises jointly incurred a loss in the outgoing fiscal year largely because of Bangladesh
12 June 2019, 18:00 PM

State banks weighed down by bad loans

Default loans in state-run commercial banks soared 10.64 percent, or Tk 5,184 crore, in the first quarter of the year -- in the
12 June 2019, 18:00 PM

TAX, FISCAL POLICIES: Not inclusive enough

Tax and fiscal policies framed and applied by the government are not progressive enough to reduce inequality in the society, said analysts.
12 June 2019, 18:00 PM