New budget won’t spark price spiral: Finance Minister | 2019-06-13 | daily-sun.com

New budget won’t spark price spiral: Finance Minister

UNB

13th June, 2019 07:31:11 printer

New budget won’t spark price spiral: Finance Minister

Finance Minister AHM Mustafa Kamal on Thursday said there is no component in the budget for the 2019-2020 fiscal year which may cause a price spiral of essential commodities.

The minister said this while placing the national budget in Parliament for the 2019-20 fiscal year on Thursday.

 “The budget has been prepared to fulfill the demands of people of all occupations, including fisherman, weavers, businessman, different ethnic groups, teachers, doctors and engineers, of the country,” he said.

The basic principles the government to collect tax is to boost revenue mobilization, not by increasing the tax rate but by widening the tax net and coverage. “To do that, we’ll establish revenue offices in every upazila, and growth center in the country,“ he said.

 


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