The government placed Tk.5.23 trillion budget for the fiscal year (FY) 2019-20 in the parliament on Thursday. Some highlights of the proposed budget are given bellow:
- Tk.5.23 trillion budget with 8.2 per cent GDP growth target
- Aim to generate fresh employment for 30 million people by 2030
- Increase number of taxpayers to 10 million from 2.1-2.2 million
- Contain inflation at 5.5 per cent
- Pension scheme for all
- Tk 1.0 billion for start-up capital to promote youths entrepreneurship
- Tk 1.0 billion to rehabilitee river erosion victims
- Tk 1.0 billion for training and employment of specific group of people
- Additional Tk 500 million for research and development
- Tk 645 million for interest-free Microcredit for Poverty Reduction
- No fee for companies having capital of less than Tk 50,000
- Tk 200 million to regain football’s heritage
- 2 per cent incentive in remittance
- Highest 5 per cent cash incentive RMG sector
- 0.1 per cent surcharge for wealth over Tk 500 million
- 15 per cent tax on stock dividend, retained earnings
- Tax-free dividend ceiling to rise to Tk 50,000