Fiscal incentives to rise in next fiscal year

Fiscal incentives to agriculture, export and jute goods will increase in the next fiscal year, according to the proposed budget for FY19.

It showed that the government allocates Tk 135.0 billion as fiscal incentives to these sectors in the next fiscal year.

The amount is also estimated as 0.50 per cent of the country’s gross domestic product (GDP) and 2.90 per cent of the total public expenditure proposed for FY19.

The revised amount of fiscal incentives for outgoing fiscal year is set at Tk 105.0 billion or 2.8 per cent of the revised budget.

Agriculture sector will receive Tk 90.0 billion as fiscal incentives in the next fiscal year while the allocation for export sector is Tk 40 billion.

Jute goods will get the rest of the amount worth Tk 5.0 billion.