ICMAB

The Institute of Cost and Management Accountants of Bangladesh (ICMAB) organized a Pre-Budget Discussion Meeting on National Budget 2016-17 on 17 May 2016  at the ICMAB Ruhul Quddus Auditorium, Nilkhet, Dhaka.

ICMAB  Pre-Budget -2016

Engineer Mosharrof Hossain MP, Minister, Ministry of Housing and Public Works, Government of the People’s Republic of Bangladesh attended the program as chief guest. Prof. Dr. Swapan Kumar Bala FCMA, Treasurer, ICMAB and Commissioner, Bangladesh Securities and Exchange Commission and Mr. Ranjan Kumar Bhowmik FCMA, Member, Taxes Appellate Tribunal, Ministry of Finance presented the key note paper as Resource Persons.

President, ICMAB Mr. Arif Khan, FCMA presided over the function while Mr. A.S.M Shaykhul Islam FCMA, Past President and Chairman, Seminar & Conference Committee delivered the welcome address and Secretary of ICMAB Abdur Rahman offered vote of thanks on the occasion.

The Chief Guest of the function Engineer Mosharrof Hossain, Housing and Public Works Minister mentioned that the coming budget will be pro-people one and the government of the hon’ble Prime Minister Sk. Hasina is very much sincere to give priority on social safety need program and human resources development along with implementation of Annual Development Programs within the stipulated time frame.  The government is working to reduce the income gap between the rich and poor and achieve sustainable development goals (SDGs) for eliminating poverty before 2030.

ICMAB president gave emphasis on transparent tax administration to raise tax revenue on one hand grab the investment opportunities on the other. He also opined to give a fruitful direction in the budget to promote and strengthen the stock market. He also said that Cost and Management Accountants can act as catalysts to the government in increasing government’s earning and improving the governance of the public enterprises and corporate world.

In his welcome speech, Mr. A.S.M Shaykhul Islam FCMA, Past President and Chairman, Seminar & Conference Committee opined that the upcoming budget should focus on the employment generation for potential youths of the country; therefore, next budget should give highest allocation to education, human resources development and development of IT (information Technology) sector. He also urged the government to make the budget business and investment-friendly and raise taxes bringing the tax payers under confidence without showing tax-hungry attitude.

The speakers said that there is no denying that the government’s earning, GDP, GDP-Tax ratio should be increased in line with seventh five year plan but things should be made simple, transparent and hassle-free.  They also opined that the upcoming budget should have the vision to encourage earning spirit of the citizens which in turn will increase government’s tax and VAT earnings. They emphasized that budget should high light on government’s plan about local and foreign private investments, corporate taxes, human resources development, women empowerment, public private partnerships, gas and power generation for industrialization, social protection, good governance, and the road map to make Bangladesh as a middle country.

A good number of Fellow & Associate members of the Institute were present in the meeting and took part in the discussion.

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