We'll have to change many figures in the budget as the implementation of the new VAT law has been deferred by two years," Muhith said. Now after deferring the implementation of the VAT law, the government will face a shortfall of Tk 200 billion. "That's why I am saying we have to make big revisions in the budget and I will do that much earlier in parliament," Muhith said. The government made the VAT law following recommendations by the International Monetary Fund. About contesting again in the next parliamentary election, Muhith said, "I don't wish to take part in the election at this age.

Source: bd News24 July 16, 2017 04:30 UTC