Fiscal Measures for Industrialization in Bangladesh: The government is likely to extend tax exemptions for the information technology sector for three more years as the current phase of concessions ends on June 30.
The overall revenue generation target will be Tk 537,000 crore in the new fiscal year that begins on July 1, which is 7.4 percent higher than that of the goal of the outgoing financial year.
As the government wants to lower expenses, it is likely to contain the budget deficit to 4.6 percent of gross domestic product in the next fiscal year, a level seen a decade ago.
The finance ministry proposed several strategies to address these challenges, such as gradually transitioning gas and electricity prices to a market-based system and maintaining modest austerity measures