Budget to put pressure on low-income people Star Business Report, 12:00 AM, June 21, 2016
The business community, investors and entrepreneurs also get concerned about the taxes and tariffs on income, export, import, investment, employment generation and profit. Concerns surface among the salaried people as to whether there would be new taxes and by how much the prices would go up following the budget announcement, and how they would manage with a reduced income. Quite contrary to the government’s objectives to do good for people by way of boosting the economy through resource mobilisation from domestic and foreign sources and spending for development activities, people get anxious before the announcement of the year’s budget. Undoubtedly, over the years, awareness about the budget has increased, at least among the city dwellers, so have the concerns. When the budget has such wide spread importance on the economy and its various sectors, it naturally deserves public scrutiny. Besides, direct allocations for various social sectors and poverty reduction programmes can help eradicate poverty. This process in turn can contribute towards employment generation and economic growth. Tax collections, government borrowing and expenditure patterns can also have an impact on these areas. Not only are individuals’ income and expenditure patterns affected through tax measures of the budget, decisions on business, trade and investment are also influenced by budgetary measures. Moreover, measures taken in the budget have direct impact on the day to day lives of the people. Thus the budget can play a key role for economic growth and poverty reduction. The national budget, which is also supposedly the reflection of the political philosophy of the government, gives the government the right to undertake various fiscal measures for a year, through which it can collect taxes from people and undertake various development programmes for the country. The mid-year event of discussing the national expenditure and income, and their implications, has caught the attention of a broader section of people over the years. Making the budget work Fahmida Khatun, 12:00 AM, June 21, 2016 You will find the best newspaper information here. Here you will find the latest Bangladesh News, sports, entertainment and top news. Photo: Asif Mahmud OveĪwami League General Secretary Obaidul Quader attends a dialogue with Dhaka city mayors and councillors at the party’s headquarters at Bangabandhu Avenue in Dhaka on Monday, Dec 6, 2021.įoreign Minister AK Abdul Momen attends a dialogue organised by the Sector Commanders Forum and Muktijuddho 71 at the National Press Club on 50 years of Bangladesh’s independence on Monday, Dec 6, 2021.Ī transgender entrepreneur runs a handicrafts stall at the Ninth National SME Fair in Dhaka’s Bangabandhu International Conference Centre on Sunday, Dec 5, 2021.Welcome to. Photo: Asif Mahmud OveĬustomers wait in a long queue to buy goods from a dealer of the Trading Corporation of Bangladesh at a fair price amid rain at Mirpur’s Pirerbagh in Dhaka on Monday, Dec 6, 2021. Rickshaw-pullers waiting for passengers amid rains in Dhaka's Shyamoli on Monday, Dec 6, 2021. Photo: Kazi Salahuddin RazuĪ rickshaw-puller ferrying passengers to their destination amid rains in Dhaka on Monday, Dec 6, 2021. Photo: Mahmud Zaman OviĬommuters using umbrellas amid rains caused by Cyclone Jawad at Dhaka University on Monday, Dec 6, 2021. Photo: Mahmud Zaman OviĬommuters going to work with umbrellas amid rains in Dhaka's Rampura on Monday, Dec 6, 2021. Photo: Asif Mahmud OveĬommuters wait for a bus under umbrellas amid heavy rains in Dhaka on Monday, Dec 6, 2021. Photo: Asif Mahmud OveĬommuters take a human-hauler to work amid rains at Pirerbagh in Dhaka’s Mirpur on Monday, Dec 6, 2021. Photo: Kazi Salahuddin RazuĬommuters struggle to get on a bus as rainwater submerged the streets of Dhaka on Monday, Dec 6, 2021. Vehicles move through knee-deep water on Green Road in Dhaka amid incessant rains induced by Cyclone Jawad on Monday, Dec 6, 2021. Rickshaw-pullers drive their vehicles through knee-deep water on Green Road in Dhaka amid incessant rains caused by Cyclone Jawad on Monday, Dec 6, 2021. Photo: Mahmud Zaman Oviĭecember rains caused waterlogging on a road in Dhaka’s Hatirjheel. Vehicles move through knee-deep water on a road in Dhaka’s Hatirjheel amid incessant rains caused by Cyclone Jawad on Monday, Dec 6, 2021.
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