Highlights of budget for FY20


SANGSAD BHABAN, June 13, 2019 (BSS) – Following are the highlights of the proposed budget for fiscal year 2019-20

• Tk 5.2tr budget with 8.2% growth target
• Generate fresh employment for 3cr people by 2030
• Increase taxpayers number to 1.0cr from 21-22 lakh
• Contain inflation at 5.5 percent
• Pension scheme for all
• Tk 100cr for start-up capital to promote youths entrepreneurship
• Tk 100cr to rehabilitee river erosion victims
• Tk 100cr for training and employment of specific group of people
• Additional Tk 50cr for research and development
• Tk 64.5cr for interest-free Microcredit for Poverty Reduction
• No fee for companies having capital of less than Tk 50,000
• Tk 20 crore to regain football’s heritage
• 2% incentive in remittance
• Highest 5% cash incentive RMG sector
• 0.1% surcharge for wealth over Tk 50cr
• 15% tax on stock dividend, retained earnings
• Tax-free dividend ceiling to rise to Tk 50,000