Budget 2022-23
Three questions for the new budget
Since the budget is a political process, the rules of the budgetary game are set within that continuum.
Legalising laundered money to cost even less
The government is likely to bring some changes in its budget proposals, including enabling one of its three offers at legalising laundered money to require even lesser tax payments.
Now laptops to be more expensive
Laptop users in Bangladesh are set for a bigger hit as the imposition of a 15 per cent value-added tax at the import stage of the essential digital device would lift the prices further.
STAR BOOKS REPORT / Budget 2022-23: Is the publishing industry only an inconsequential afterthought?
With the Russia-Ukraine war continuing and the (consequent) wave of inflation that has struck the world, serious concerns for
Stocks tumble despite corporate tax cuts
The domestic stock market took a dive yesterday, the first trading session since Finance Minister AHM Mustafa Kamal proposed the national budget for the fiscal year of 2022-23 in parliament on Thursday.
Education in budget 2022-23: Small mercies and dashed hopes
Educators and concerned citizens have been urging a major increase in public allocation for the education sector.
Corporate tax cut: Berger, Marico, United Power may miss benefit
The government has proposed a 2.5 percentage point cut in corporate tax rates for the listed companies in the national budget unveiled for the next fiscal year in a bid to develop the stock market and attract investments.
Budget to spur entrepreneurship
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has welcomed the proposed national budget for the upcoming fiscal year, saying some of the steps will help entrepreneurs.
Pay tax timely or lose utility connections
From the next fiscal year, the tax authority is going to introduce a provision of disconnecting utility services of taxpayers for their failure to pay undisputed revenue demand of the government.
Capital machinery duty to remain unchanged for small industries
The government proposed keeping the import duty for capital machinery unchanged at 1 per cent for the small and medium industries to give a boost to the sector.
Bangladesh Bank to carry out study for rolling out digital currency
The Bangladesh Bank will conduct a feasibility study on the possibility of introducing a Central Bank Digital Currency (CDBC) in Bangladesh, said Finance Minister AHM Mustafa Kamal in his budget speech today.
The youth’s perspective of the National Budget
How can they contribute to the budget without taking part in the discussions?
‘Increase allocation for education’
The upcoming budget should increase allocation in the education sector to make up for the losses during the Covid-19 pandemic, demanded Campaign For Popular Education (CAMPE), an education advocacy and campaign network, yesterday.
How is national budget made?
Bangladesh government presents the national budget every June. The national budget for the fiscal year 2022-2023 is going to be announced soon. Last year, the government presented a budget of Tk 6 lakh crore. There are talks of the budget being seven and a half lakh crore this time.
Budget session for fiscal year 2022-23 begins at parliament
The budget session of the fiscal year 2022-23 began today (June 5, 2022) at the parliament.
Budget 2022-23: More tax for the rich
Bank accounts with upwards of Tk 1 crore in balance are set to face a higher excise duty next fiscal year as the government looks to collect more taxes from the relatively well-off to get close to the lofty revenue collection target.
Bringing back black money: Will amnesty work at all?
Wishful thinking -- is what best describes the maiden tax amnesty campaign the government is planning to lure money back home next fiscal year.
Budget 2022-23: Better targeted social safety net
The government is committed to using the long-overdue National Household Database (NHD) from the next fiscal year to better target the social safety net programmes, in a development that can infuse dynamism in the flat scheme.
Make the national budget relevant again
The number of risks that our economy currently faces because of all the global instabilities is perhaps unmatched since the early days of Bangladesh’s independence. Amid this reality, the government is set to present the new budget early next month.