The budgetary allocation for the next fiscal under the head exceeds the total salary of public servants, finds Abdur Rahim Harmachi
Farashuddin all praise for budget
Former Governor of the Bangladesh Bank Mohammad Farashuddin has said the budget proposed for 2012-13 fiscal is 'implementable'.
Published : 7 June 2012, 01:49 PM
Updated : 7 June 2012, 01:49 PM
Dhaka, Jun 7 (bdnews24.com) – Former Governor of the Bangladesh Bank Mohammad Farashuddin has said the budget proposed for 2012-13 fiscal is 'implementable'.
"The proposed budget is positive, and development- and welfare-oriented, and implementable," he told bdnews24.com after Finance Minister A M A Muhith presented the Tk 1.91-trillion budget in parliament on Thursday.
"Domestic industries have been given enough safeguard in the budget. It is very positive. On the other hand, social safety network has been expanded," he said.
He, however, said the rate of tax at source on exports should not be increased to 1.2 percent.
Farashuddin urged the finance minister to reconsider the decision to cut tax at source on exports.
He also urged Muhith to withdraw tax at source on savings certificate.
The former central bank governor welcomed the proposal to increase tax on cigarettes.
bdnews24.com/arh/ost/nir/2345h
RELATED STORIES
A senior BNP leader warns that its implementation will 'further ruin' the economy
Finance Minister Abul Maal Abdul Muhith has promised a rethink of the government proposal to slap 2 percent tax at source of mobile phone bill.
Apparel exporters say the decision will discourage the export-focused industry and investors as well
