The total size of national budget for 2005-06 is Taka 64,383 Crore , which is 15.7% higher than of revised budget of 2004-05
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The size of ADP is Taka 24,500 Crore, which is 19.5% higher than of previous year
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52% of the the budget is financed by own domestic resources and 48% from foreign resources
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Total 54% of development and non-development budget will be spent for poverty alleviation
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Highest allocation is in education sector: Taka 9686 Crore, which is 15% of total allocation
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Allocation for health sector is Taka 4234 Crore
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Agricultural subsidy has been increased to Taka 1200 crore
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Agricultural credit up to Taka 5000 will be written off
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The subsidy in electricity for agriculture (20%) will be continued
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Subsidy on urea fertiliser 25% will be continued
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For flood control Taka 1200 Crore has been allocated
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For flood control dam construction Taka 2383 Crore has been allocated
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Old age remuneration has been increased from Taka 165 to Taka 180 , the coverage is targetd 1,315
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Old age remuneration has been increased from Taka 165 to Taka 180 , the coverage is targetd 1,315,000 old citizens
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Taka 150 Crore has been allocated additionally for ntrepreneurs' Equity Fund (EEF)
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Communication allocation is 4832 crore Taka in development budget
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Digital telephone will cover all dsitricts and 175 Upazillas
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Allocation for Post and Telecommunication is 1426 crore Taka
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Foreign investment is expected to 12 Billion USD
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Local investment has increased 43%
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RMG sector: Direct subsidy will continue at 5% rate for next year |
By 2006/7, 11 ministry will develop their own budget and gradually all ministry will follow that |
More 5000 crore expenditure will be required for payment of government staffs |
Revenue : GDP ration is 10.5% |
Tax will be a major sources for development budget |
Income tax lower limit is extended to 120,000 Taka |
Non-listed company tax is increased to 40% |
Source tax for RMG export item is 0.25% |
Source tax for Stock Exchange Members is 0.01% |
Registration tax 2.5% for Real Estate Companies |
Tax on Computer Software will remain unchanged upto 30 June, 2008 at 30% |
Black money can be made white (legalize) by 2006
The period for whitening black money is extended upto June 2006 |
Tax rebate on importing agriculture raw materials, poultry feed |
For encouraging higher education all kind of tax will be rebate on Books and Journals |
Mobile SIM Card will be minimum Taka 1200 |
Full tax rebate on Refined Oil |
35% extended tax on Mineral Water |
Tax on Agro-processing industry is 35% |
VAT collection system will be given preference rather increasing more area |
VAT on agriculture insecticides is rebate |
VAT collection system will be given preference rather increasing more area |