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FBCCI demands not to increase gas and electricity prices

Lastnewsbd, 3rd June, Dhaka: FBCCI demands not to increase gas and electricity prices On the proposed national budget

The full report of the joint press conference was highlighted.

Bismillahir Rahmanir Rahim

Dear journalists, brothers and sisters

Business leaders and colleagues

Assalamu Alaikum

The National Budget for the year 2017-2018 has been announced on June 1, 2017 by fixing the national growth rate of 7.4 percent and the expected inflation of 5.5 percent. We have already given immediate feedback on the proposed budget. Today, reviewing the budget statement, finance bill and other notifications and reviewing the initial budget proposals of the FBCCI on the proposed budget. Subsequent speculation will be presented in the light of the review and the FBCCI’s detailed discussion on FBCCI’s detailed chamber and association opinion.


The national budget has been announced to be Tk 4,266 crore. Which is 17.52% more than the budget of the last financial year (Taka 3, 40, 605 crores) and 26.20% more than the revised budget (3, 17, 174 crores). The budget has to be revised every year, so that the budget cannot be financed and funded properly. To implement the budget, it is necessary to strengthen fair monitoring from the beginning of the year. To implement the budget, the skill, transparency, accountability and quality of supervision will be ensured. Otherwise implementing this huge budget will become a big challenge.


In the proposed budget, there has been considerable importance in socio-economic development, poverty alleviation, human resources development, education, health, social security diversion etc. Under the social safety net, the number of beneficiaries and monthly allowance rate has been increased. Besides, two festivals have been proposed for the freedom fighter annually. In the coming budget for the current fiscal year, women entrepreneurs are requested to allocate money.

If the implementation of the target set in budget for the development of electricity and fuel, communication and other physical infrastructure, it will undoubtedly accelerate the investment and industrialization and employment process. However, we would like to inform the government about initiatives to implement Public Private Partnership or PPP system in the development of such infrastructure.


The deficit in the new budget is about 1,12,276 crore, which is 5% of GDP. The budget deficit target for the current fiscal year was 97 thousand 853 crore taka. The government’s banking sector may increase the tendency of borrowing to fulfill the budget deficit. The goal of taking the internal loan system to 60 thousand 352 crores (Tk 28, 203 crores from the bank and Tk 30, 150 crores from National Savings Scheme) has been set. Due to the dynamism of the banking sector, the flow of debt in the productive sector can be reduced.


The target of achieving total revenue in the proposed budget has been fixed at 2, 87, 990 crore, on the other hand, the targeted tax target of the National Board of Revenue has been fixed at Tk. 48 lakhs 190 crore. While the National Economy stands on a solid foundation, some of the important wafers are being seen in the low-level trend. In particular, the growth of export and remittance of two main sources of the national economy is currently underway. Also, recent natural disasters have caused extensive damage to agricultural crops. In this situation, achieving this higher target revenue collection will be a challenge. It is necessary to determine achievable goals. Intensive monitoring and monitoring are necessary to achieve the target.


Annual program (ADP) target in the proposed budget has been fixed at Tk.153.31 billion. Under the Mega Projects and Annual Development Program, it is necessary to appoint skilled and experienced managers to carry out the quality of the projects in order to be completed in time.

Tourism is a very promising and very promising sector in Bangladesh. This sector requires direct cooperation in the implementation of SDG. So it is important to determine the social interdisciplinary economic growth and strategy, which should be allocated specific budget including those mentioned in this budget. We strongly urge for special allocation for the tourism sector with special patronized policy.

The recommendations of the FBCCI health care system (Patient Monitor, life-saving ventilator, spare parts, etc.) have not been considered in the budget, which require reconsideration and it is an urgent need for health sector development.

At this stage, we have given our views on import tariff, value added tax, income tax and excise tax.

Import duty


We propose to continue to maintain the current tariff 1%, 5%, 10%, 15% and 25% for the development of domestic industry, increased production, investment and employment and consumer interest. The tariff level of the budget has been retained. As well as the customized Act of Trade Facilitation, the Autorizable Economic Operator (also) has been included. Thanks to the government for this.


In addition, keeping the zero-cost import of fertilizers, seeds, pesticides etc. in one of the agricultural sectors, the highest duty for rice import has been continued to ensure fair prices of rice. Customs facilities for fisheries, poultry and dairy, agricultural machinery sector sectors have been increased. This will benefit local farming and poultry sector. Thanks to the government for this.

The fate of the country

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