Highlights of budget for FY20

SANGSAD BHABAN, Following are the highlights of the proposed budget for fiscal year 201920

Tk 5.2tr budget with 8.2% growth target

Generate fresh employment for 3cr people by 2030

Increase taxpayers number to 1.0cr from 2122 lakh

Contain inflation at 5.5 percent

Pension scheme for all

Tk 100cr for startup 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 interestfree 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

Taxfree dividend ceiling to rise to Tk 50,000

Source: Bangladesh Sangbad Sangstha (BSS)