A national budget is different from a family budget, in that, the government fixes its expenditure first and then goes for hunting the sources of income, whereas a family gets its income and then determines the items of expenses.
In any case, the lowering of corporate tax is bad for the economy holistically as it will serve to widen inequality between the super-rich and the waged worker.
There are very few programmes that exclusively target the extreme poor. A background paper has revealed the actualw amount allocated in the budget for the extreme poor may be even below 1 percent of the GDP.
Writing on budget has become a challenge for me not only because so much has already been discussed, but there is barely anything original in the budget.
Jatiya Pratibandi Forum (JPF), in a press conference on Sunday, highlighted that there has not been any significant allocation for development of people with disabilities in the national budget...
The government proposes to withdraw value added tax (VAT) on a number of products and services to encourage local industries grow further.
Finance Minister Muhith proposes imposing tax on bonus and festival allowances of civil servants besides their salary in the 2015-16 budget.
Finance Minister Muhith proposes imposing tax on bonus and festival allowances of civil servants besides their salary in the 2015-16 budget.
