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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
source (FE)
