The allocation for the health sector in the proposed budget for the 2023-24 fiscal year has been reduced to approximately 5 percent of the national budget from 5.4 percent in the outgoing fiscal year

The National Board of Revenue (NBR) has proposed withdrawing supplementary duty (SD) on 234 imported goods and regulatory duty (RD) on 191 imported goods in fiscal year 2023-24 to aid Bangladesh’s graduation from a least developed country (LDC) to a developing one by 2026.

Finance Minister AHM Mustafa Kamal in his budget speech revealed that more than 1.49 crore Bangladeshi workers are working in 176 countries across the world

In his budget speech for FY2023-24 at the national parliament today, Kamal said inflation would be largely controlled from here on.

The finance minister presented the new budget for the fiscal year 2023-2024 in the parliament on Thursday.

Finance Minister AHM Mustafa Kamal today in his budget speech said that a digital bank would be set up within the next fiscal year to broaden and accelerate financial inclusion efforts. 

The government proposed going for making the Baggage Rules 2016 stricter, lower the limit for the travellers in case of bringing in gold bar or gold pieces and impose higher taxes.

Education ministries got a chop for the next fiscal year as the proposed development allocation for them is lower than the allocation of the outgoing fiscal year.

The prices of imported software are set to increase after Finance Minister AHM Mustafa Kamal proposed to increase the import duty from 5% to 25% on imported software in the proposed budget for the next fiscal year 2023-24.

The prices of mobile phones are set to increase in the upcoming fiscal as the government proposed raising value-added tax (VAT) on local production of handsets.

The government plans to roll out the universal pension scheme in the coming fiscal year.

Finance Minister AHM Mustafa Kamal today proposed imposing 15 per cent customs duty on cashew nuts and 25 per cent on both fresh and dried dates.

Finance Minister AHM Mustafa Kamal today proposed doubling the property registration tax for the next fiscal year in order to increase the government’s revenue collection.

While placing the proposed national budget for the 2023-24 fiscal year today, Finance Minister AHM Mustafa Kamal has proposed changes to duties on different products, which will result in increase and decrease in their prices

The total amount of tax subsidies given in the form of rebates, discounts, exemptions and reduced rates will be Tk 1,78,241 crore in the current financial year.

The government will bring the payments of all cash-based social safety net programmes under the electronic fund transfer system from the coming fiscal year.

The allocation for the ICT Division may increase by Tk 452 crore to Tk 2,368 crore in the proposed budget for 2023-24 fiscal year.

Finance Minister AHM Mustafa Kamal today proposed increasing the social safety net programme allocation by 11 per cent year-on-year for fiscal year 2023-24.

Individuals who are required to submit income tax returns to avail of various government services will have to pay a minimum tax of Tk 2,000 even if they do not have taxable incomes.

As the cost of living continues to rise, it has becoming increasingly challenging for the middle class to maintain financial stability.