ZCZC
BSS-33
BEA-BUDGET-PROPOSALS
BEA places Tk 12.40 lakh crore alternative budget for FY20
DHAKA, May 25, 2018 (BSS) – Bangladesh Economic Association (BEA) today
placed a Taka 12.40 lakh crore alternative budget for the fiscal 2019-20
(FY20) on the occasion of birth centenary of Father of the Nation Bangabandhu
Sheikh Mujibur Rahman.
“This budget has a historical importance as Bangabandhu’s birth centenary
will be celebrated next year. It is going to be placed prior to the country’s
golden jubilee. So, Bangabandhu’s political and economic philosophy should be
reflected in the budget,” said BEA president Prof Dr Abul Barakat while
placing the budget at a press conference here today.
Barakat read out the budget proposal styled “Building Bangladesh with the
Spirit of Liberation in the Birth Centenary of Bangabandhu”.
BEA’s alternative budget is 2.67 times higher than the government’s current
budget of Taka Tk 4,64,573 crore for FY19.
Out of total Tk 12.40 lakh crore proposed budget, 81 percent worth of Taka
10,02,510 crore will come from the government — 69 percent from National
Board of Revenue (NBR), 31 percent from non-NBR areas and the remaining will
be financed by public-private sector.
BEA said new 20 sources have been identified in its proposed budget while
the government can collect Taka 95,000 crore from three sources -preventing
money laundering, recovering black money and tax on properties.
It recommended for imposing 200 percent duty on rice import to ensure fair
price of paddy.
BSS/ASG/RI/SAH/ARS/1943 hrs