Bangladesh budget for 2017-18 fiscal to top Tk 4 trillion: Finance minister
Senior Correspondent, bdnews24.com
Published: 2017-02-27 04:33:18.0 BdST Updated: 2017-02-27 04:33:18.0 BdST
The size of the budget for 2017-18 fiscal year will cross the Tk 4 trillion mark, Finance Minister AMA Muhith has said.
He revealed the information after the first pre-budget discussion with four research organisations on Sunday.
"Our projection was Tk 4 trillion. But I want to take it to Tk 4.2 trillion," he said on being asked by a reporter.
He also said the budget for the 2018-19 fiscal year would be of Tk 5 trillion, but a 'simple' one.
Asked about the plan to implement the VAT law, Muhith said, "The businesses have objected to it. Discussions on the issue are under way."
The minister sat with Policy Research Institute (PRI), Economic Research Group (ERG), the Bangladesh Institute of Development Studies (BIDS) and Bangladesh Economic Association (BEA) in the first pre-budget discussion.
About the discussion, the finance minister said the organisations advised more specification and definitions, and more programmes to pay attention to the Sustainable Development Goals (SDGs).
BIDS Director General KAS Murshid, Senior Research Fellow Nazneen Ahmed, economist Wahid Uddin Mahmud, among others, were present.
Finance Secretary Hedayetullah Al Mamoon, former finance secretary Mahbub Ahmed, Bank and Financial Institutions Division Secretary Eunusur Rahman and National Board of Revenue Chairman Nojibur Rahman attend it as well.
Any unauthorised use or reproduction of bdnews24.com content for commercial purposes is strictly prohibited and constitutes copyright infringement liable to legal action.
- Bangladesh Bank officials face questions over fire in office building
- Direct train line to Darjeeling to run after fifty years
- Tripura to have three railway links with Bangladesh, says Indian minister
- US may accuse North Korea of theft of Bangladesh reserves at New York Fed: Wall Street Journal
- NSA official points the finger at North Korea in Bangladesh Bank heist
- New draft law proposes official clearance mandatory for building houses in villages
- World economy picks up after decade of stagnation
- Rooppur N-power plant: Bangladesh, Russia agree on spent fuel management plan
- Planning ministry detects misuse of fund in Chittagong court building construction
- Inflation rose again in February
- Former Indian army veterans all praise for Bangladesh para-commandos
- Rain sinks Sri Lanka hopes after Mendis century, Taskin hat-trick in Dambulla
- Autopsy done on bodies of two militants killed in Sylhet
- Visitors barred at Dhaka airport terminals to beef up security ahead of IPU Assembly
- Police get control of Sylhet’s 'Atia Mahal' as army ends 'Operation Twilight'
- Bombs turned Atia Mahal into a death trap, says army after Operation Twilight
- Four suspects dead inside Sylhet's terror den, army to continue operation
- Bangladesh information minister backs controversial Section 57 of ICT Act
- MP Salim Osman to face trial for publicly humiliating school teacher
- Indian visa rules for Bangladeshis relaxed further