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UNB
04 June, 2015, 20:08
Update: 04 June, 2015, 20:11
More News
Possible rise and fall in commodity prices
Online business to be brought under VAT net
Talk to become costlier
Tax imposed on govt officials festival allowances, bonus
Private education to be made costlier
Budget: Tk 295,100cr budget placed, deficit 86,657cr

CPD concerned, FBCCI happy

UNB
04 June, 2015, 20:08
Update: 04 June, 2015, 20:11

Dhaka: Centre for Policy Dialogue (CPD) on Thursday expressed concern over the lack of equilibrium between the income and expenditure budget proposed for the fiscal 2015-2016.

In his immediate budget reaction, CPD fellow Debapriya Bhattacharya said the government has estimated the income budget to accommodate its ‘big expenditures’.

This is a serious concern against the backdrop of 50% reduction of the foreign aid, he noted.

However, CPD welcomes various moves in the proposed budget, including reducing the corporate tax, coordinating the corporate tax with the personal tax, increasing the ceiling of tax-free income to Tk 2.50 lakh from Tk 2.20 lakh.

He also thanked the government for keeping up with the gender budget.

Debapriya was speaking at a press conference at CPD office in the capital.

Meanwhile, the Federation of Chambers of Commerce and Industries (FBCCI) president Abdul Matlub Ahmed told reporters at FBCCI office that the proposed budget will promote private sector investment the expansion of the local industries.

Asked whether the government’s target to borrow heavily from the banks --- proposed as Tk 38,523 crore - will create any negative impact on the private sector investment, the FBCCI president replied the negative

There has been huge idle money in the banks and the business committee can apprehend a huge industrial boom in the country in the coming days, he said.

Tags:Budget 2015-2016
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