The government would not be able to pull off its targets on revenue mobilisation and economic growth in the next fiscal year as they are unrealistic under the present circumstances, leading economists of the country have said.

The government will take steps to send the returnee migrant workers overseas again after providing them with training and helping them developed their skills based on the changing demand in the post-coronavirus international labour market, Expatriates’ Welfare Minister Imran Ahmad has said.

Jatiya Party Chairman GM Quader has said good governance must be ensured so that the money allocated to different sectors in the proposed budget is spent properly.

With the opportunity offered to money launderers by the government to whiten black money failing to draw a significant response, the new budget has made a new, lucrative proposition -- invest the money and no one, not even the income tax authority, will be able to question its source.

BNP Standing Committee Member Amir Khasru Mahmud Chowdhury says that people’s lives and livelihoods had been ignored in the proposed national budget for the 2020-21 fiscal year.

Finance Minister AHM Mustafa Kamal has proposed imposing a 50 percent penalty on misdeclaration of exports, imports and investments in overseas countries as the government aims to increase tax revenue and prevent money laundering, according to the budget proposal for fiscal year 2020-21.

Protected and unprotected: an oblique line of the government’s preference separated the two.

Despite major projects in transport sector being either halted or delayed due to the coronavirus outbreak, no course of action was chalked out during the budget session today on the projects.

Save for a slash in the income tax, there is no respite in this year’s budget for penny-pinching middle class families.

Finance Minister AHM Mustafa Kamal today proposed the implementation of an E-Judiciary project to reduce time and costs for litigants in the country.

Finance Minister AHM Mustafa Kamal today placed Tk 568,000 crore national budget for 2020-21 fiscal with an ambitious target of 8.2 percent GDP growth amid the economic fallout due to the coronavirus pandemic.

Finance Minister AHM Mustafa Kamal has proposed continuation of the 2 percent cash incentive on remittance sent by Bangladeshi migrants.

Finance Minister AHM Mustafa Kamal today proposed to form an Integrated Health-Science Research and Development Fund’ of Tk 100 crore to finance the development of research in health-education and science and technology.

Cigarettes will be costlier as the finance minister AHM Mustafa Kamal proposed to increase supplementary duty on tobacco consumption.

Finance Minister AHM Mustafa Kamal has increased supplementary duty from 25 percent to 30 percent in the proposed budget for 2020-21 fiscal which would result in costlier operation of special chartered flights.

Despite much of the south-western parts of the country still reeling from the shock and damage of Cyclone Amphan, Finance Minister AHM Mustafa Kamal today proposed a reduction in allocation in budget for disaster management and relief.

Finance Minister AHM Mustafa Kamal today proposed to allocate Tk 29,247 crore for the Health Services Division and Health Education and Family Welfare Division in the 2020-21 fiscal year.

The tax-free income limit for individual taxpayer has been increased in the proposed budget for FY 2020-21.

Exporters will face 0.5 percent tax at source of their export earnings from the next fiscal year as the existing 0.25 percent tax benefit is set to end this fiscal year, according to tax proposals placed by Finance Minister AHM Mustafa Kamal for the 2020-21 fiscal.

Mobile phone users will have to pay higher bills as supplementary duty is set to increase to 15 percent from the existing 10 percent in the proposed budget for fiscal year 2020-21.