Macroeconomic think tank Center for Policy Dialogue (CPD) has welcomed the government's decision to raise the larger share of its finances from direct taxes.
“In Bangladesh, if the government wants to increase its income, it has to raise income from taxes,” CPD Fellow Debapriya Bhattacharya said at a post-budget press meet on Thursday evening.
“We welcome this decision.”
However, the think tank expressed doubt as to whether the government had the strategies and capability to implement this large budget.
In the afternoon Finance Minister AMA Muhith placed a Tk340,605 crore budget at parliament for the fiscal year 2016-17.
The major portion of the budget will be financed by a targeted Tk203,152 crore tax income from the National Board of Revenue.