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. The finance minister today also proposed raising the source tax on bank interest for company taxpayers to 20 per cent from the previous year's 10 per cent.
FY 2022-23 Budget: The allocation for the education sectors in the proposed budget for the upcoming fiscal year of 2022-23 has reduced in terms of the Gross Domestic Product (GDP).
Bangladesh National Budget 2022-23: This is truly an exceptional emergency and the budget for fiscal 2022-23 coincidentally, closes a few months before the next national election.
National Budget for 2022-23 fiscal year: Finance Minister AHM Mustafa Kamal unveiled a proposed budget of Tk 678,064 crore for 2022-23 fiscal year in the national parliament today.This is his fourth budget and the first budget of the government after the Covid-19 pandemic.
National Budget 2022-23: Austerity and generosity may not go hand in hand, but Finance Minister AHM Mustafa Kamal faces a situation where he has to apply both when he unveils the budget for the next fiscal year today.