national budget 2022-23
9 out of 10 Bangladeshi children want more education, health allocation: Unicef survey
Nine out of ten Bangladeshi children say it is very important for the government to spend more on education, health and other areas that directly impact children, according to a new survey of Unicef.
LIQUEFIED PETROLEUM GAS / VAT reduction extended for cylinder makers
The National Board of Revenue (NBR) has extended for another year a value added tax (VAT) reduction for local liquefied petroleum gas (LPG) cylinder manufacturers, who believe it would help keep fuel prices low against rising demand.
Only 5.43% of total budget allocated for health sector
The health sector was yet again neglected in the national budget, with Finance Minister AHM Mustafa Kamal earmarking around Tk 36,864 crore -- 5.43 percent of the total budget -- for the sector.
Budget 2022-23: Inflationary concerns not addressed adequately
If one looks at the inflationary measures that are proposed in the FY2022-23 budget, there are ample reasons to be frustrated.
Budget FY2022-23: How much did general people gain?
What percentage of public demand was reflected in the budget for the fiscal year 2022-23?
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.
Wheelchair, hearing aid to be cheaper
The prices of specialised wheelchair for the physically challenged may fall in the next fiscal year as the finance minister today proposed abolishing all kinds of taxes at the import stage of the item.
ICT Division get increased allocation of Tk 274 crore
According to the budget for the fiscal year 2022-23, it has been proposed that Tk 1,917 crore will be allocated for the ICT Division.
Broadband likely to be more expensive
A 10 percent supplementary duty on the import of optical fiber cable has been proposed in the new budget for FY 22-23. Md Imdadul Hoque, President of Internet Service Providers Association of Bangladesh (ISPAB), says that the increased taxation on optical fiber import will increase the price of broadband internet in the country.
Govt moves away from injecting funds into state banks
The government has no plans to inject capital into state-run banks as it has already taken several initiatives to put an end to this culture, Finance Minister AHM Mustafa Kamal said today.
Source tax may be doubled
The government proposed increasing the source tax on export proceeds to 1 per cent from the existing 0.5 per cent in the next fiscal year.
Chronology of Bangladesh’s national budget
Finance Minister AHM Mustafa Kamal is placing the national budget for fiscal year (2022-2023) at the Jatiya Sangsad.
Scope to whiten money through stocks to go
The finance minister has proposed abolishing the scope for whitening of black money through the stock market.
More excise duty for the rich
The bank accounts with balance over Tk 5 crore may have to pay more excise duty from the next fiscal year.
GDP growth target set at 7.5%
The Bangladesh government has set a target of 7.5 per cent growth of the country’s gross domestic product (GDP) in the upcoming fiscal year of 2022-23 beginning from July.
Mobile handsets to be costlier
The price of the handsets will go up as the government today proposed 5 percent value-added tax on mobile handset sales.
Budget deficit Tk 245,064 crore
The overall budget deficit for the fiscal year 2022-23 will be Tk 245,064 crore, or 5.5 percent of GDP, said Finance Minister AHM Mustafa Kamal in his budget speech today.
Tk 678,064 crore budget unveiled
Finance Minister AHM Mustafa Kamal unveiled a proposed budget of Tk 678,064 crore for 2022-23 fiscal year in the national parliament today.
Cabinet okays National Budget for FY 2022-23
The Cabinet at a special meeting today approved the proposed national budget for the fiscal year 2022-23.