Parliament today(June 13, 2022) passed the supplementary budget of Tk 17,524 crore for fiscal 2021-22 to meet the increased expenditures under different ministries and divisions.
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has voiced its concerns over the budget proposal offering money launderers an opportunity to legalise unreported offshore assets without facing any questions from authorities The introduction of this facility will encourage people to launder money abroad, said FBCCI President Md Jashim Uddin while
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.
A hefty amount of subsidy allocated by the government to offset the price increases in the global market may pose a challenge in the budget management for the next fiscal year, said Finance Minister AHM Mustafa Kamal today.