‘We’ve to take loan from banks to meet revenue deficit’

Parliament Correspondent: Prime Minister Sheikh Hasina told the Parliament that the suspension of the uniform 15 percent VAT will reduce the revenue collection by Tk 20,000 crore in the current fiscal year.

The Prime Minister said this while delivering her concluding speech of budget session in Parliament on Thursday.

“The postponement of the VAT law will result in the reduction of Tk 20,000 crore of the targeted revenue as we’ve formulated our budget considering the new rate,” she said.

She said the government will have to do something to recover the revenue loss. “We’ve to do something… we’ve to take loan from banks or cut short our development budget,” she said.

Reiterating her government's ‘zero-tolerance’ stance on militancy and terrorism, Sheikh Hasina said there will be no room for militancy in Bangladesh.

risingbd/DHAKA/July 13, 2017/M A Rahman/Amirul