Finance Minister AMA Muhit placed Tk 340, 605 crore budget for fiscal 2016-17 as his 8th and 45th of Bangladesh on June 02, 2016. Foreign investment friendly and business oriented budget 2016-2017 will help to get this high achievement as the government will take initiatives to develop physical infrastructure in the power, energy and communication sectors.
Total budget of Bangladesh 2016-17 is around Tk 3.41 trillion
Revenue Amount in Taka
Tax Revenue: 203152 crore taka
Non-NBR Tax: 7250 crore taka
Non Tax Revenue: 32350 crore taka
Non Develpment and Development Budget for Bangladesh 2016-17
Foreign Grants: 1.6%
Foreign Loan: 9%
Domestic Financing 18.1%
Non-tax Revenue 9.5%
Tax Revenue : (non nbr) 2.1%
Tax Revenue (NBR)
Taka 2031.52 Billion (59.7%)
VAT : 35.8%
Import Duty6: 11.1%
Incom Tax: 35.4%
Supplementary Duty: 14.8%
Others: 2.9%
Non-Development & Development Expenditure Budget 2016-17 of Bangladesh ( BD budget 2016-17 )
excluding loans & advances, food account operation, domestic & foreign debt and structural adjustment expenditure
Budget 2016-17 for Office of the President : 20 cr taka
Budget 2016-17 for Parliament : 295 cr
Budget 2016-17 for Prime Ministers Office : 1320 crore taka
Budget 2016-17 for Cabinet Division : 98 cr
Election Commission : 1290 cr
Ministry of Public Administration : 2020 cr
Public Service Commission : 47 cr
Finance Division : 36147 cr
Internal Resources Division (IRD) : 2301 cr
Bank and Financial Institution Division : 331 Crore Taka
Budget 2016-17 for Economic Relations Division : 245 Cr Taka
Planning Division/2 : 1410 Crore Taka
Implementation, Monitoring and Evaluation Division : 162 cr
Statistics and Informatics Division : 500 Crore Taka
Ministry of Foreign Affairs : 1087 Crore Taka
Local Government and Rural Development : 21322 Crore Taka
Rural Development and Co-operatives Division : 1377 cr
Budget 2016-17 for Ministry of Chittagong Hill Tracts Affairs of Bangladesh : 840 Crore Taka
Ministry of Defense – Defense Services : 21654 Crore Taka
Ministry of Defense – Others Services : 447 Crore Taka
Armed Forces Division : 29 cr
Law and Justice Division : 1517 Crore Taka
Supreme Court : 155 Crore Taka
Ministry of Home Affairs : 19276 Crore Taka
Anti Corruption Commission : 91 Crore Taka
Legislative and Parliamentary Affairs Division : 24 crore
Ministry of Primary and Mass Education : 22162 crore taka
Ministry of Education – Education Division : 26848 cr
Ministry of Science and Technology : 2069cr
Budget 2016-17 for Ministry of Information and Communication Technology : 1836 cr
Budget 2016-17 for Ministry of Health and Family Welfare : 17486 Crore Taka
Ministry of Social Welfare : 4,272 Crore Taka
Ministry of Women and Children’s’ Affairs : 2,150 Crore Taka
Ministry of Liberation Affairs : 3,011 Crore Taka
Food Division : 2,443 Crore Taka
Disaster Management and Relief Division : 8,004 crore Taka
Ministry of Housing and Public Works : 3,118 Crore Taka
Ministry of Information : 836 Crore Taka
Ministry of Cultural Affairs : 421 Crre Taka
Ministry of Religious Affairs : 525 Crore Taka
Ministry of Youth and Sports : 922 cr
Energy and Mineral Resources Division : 1,973 cr
Power Division : 13,062 Crore Taka
Ministry of Agriculture/3 : 13,676 Crore Taka
Ministry of Fishery & Animal Resources : 1,801 Crre Taka
Ministry of Environment and Forest : 1,033 Crore Taka
Ministry of Land : 1,485 Crore Taka
Ministry of Water Resources : 4,713 Crore Taka
Ministry of Industries : 1,713 Crore Taka
Ministry of Textiles and Jute : 425 Crore Taka
Ministry of Commerce : 552 Crore Taka
Ministry of Labour and Employment : 308 Crore Taka
Ministry of Expatriates’ Welfare and Overseas Employment : 560 crore
Roads transport and highway Division : 10,910 Crore Taka
Railway Ministry : 11,950 Crore Taka
Ministry of Shipping : 2,055 Crore Taka
Ministry of Civil Aviation and Tourism : 549 Crore Taka
Ministry of Post and Telecommunications : 2,513 Crore Taka
Bridges Division : 9,288 Crore Taka
Interest Domestic : 38,240 Crore Taka
Interest Foreign : 1,711 Crore Taka
Tax on Export Products
Bangladesh 2016-17 budget imposed 1.5% source tax on all kinds of export which will be a challenges for both industrial and export growth.
BGMEA president, Siddiqur Rahman said, 1.5% source tax goes against the governments Industrial policy.
