About the overall budgetary measures, the ICAB said the proposal to finance the budget deficit by borrowing from internal sources may lead to inflation in the next fiscal year.
Garment exporters are fed up with being harassed by VAT and customs officials, who have been imposing abnormal fines alleging a lack of documents, said an exporter yesterday.
Speakers for framing pandemic-focused budget in FY22
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DHAKA, May 4, 2021 (BSS) – Speakers at a webinar today stressed the need for framing a COVID-19 pandemic focused budget for the next fiscal year (FY22) putting highest priority to the health sector to mitigate the health related risks alongside focusing on sound macroeconomic management, widening social safety nets, raising the tax-GDP ratio and generating more employments.
The speakers also emphasized on strengthening the ongoing vaccination programme, carrying on necessary tax reforms as well as reducing the corporate tax rates, ensuring proper budget implementation and quality spending of development projects, addressing the livelihood issues in the context of pandemic, prioritizing the CMSMEs and bringing the education sector under the purview of the stimulus packages.