The government has proposed a 2.5 percentage point cut in corporate tax rates for the listed companies in the national budget unveiled for the next fiscal year in a bid to develop the stock market and attract investments.

The national budget for fiscal year 2022-23 predicted a gross domestic product (GDP) growth of 7.5 per cent, which is unrealistic and not objective, AB Mirza Azizul Islam, former adviser to the caretaker government, said yesterday.

We still have to wait and see how it will actually impact the market.

Bank accounts with upwards of Tk 1 crore in balance are set to face a higher excise duty next fiscal year as the government looks to collect more taxes from the relatively well-off to get close to the lofty revenue collection target.

Lack of resources is often cited as the key reason behind this.

The government is committed to using the long-overdue National Household Database (NHD) from the next fiscal year to better target the social safety net programmes, in a development that can infuse dynamism in the flat scheme.

The budget of the upcoming fiscal year will be presented on the national parliament on June 9, Finance Minister AHM Mustafa Kamal said today.

This year’s budget session will take place with the presence of only those lawmakers who are essential for the day-to-day activities of the parliament in a bid to maintain social distancing and curb the risk of coronavirus infection.

Mobile phone users might have to spend more as the National Board of Revenue is expected to seek a hike in the supplementary duty (SD) on calls, data and other services in the coming fiscal year, said officials.

The Bangladesh economy is taxing for take-off -- for its long-haul flight to the developed country club, with couple of stopovers in between.

The new budget will provide directives on reforms in education and financial sectors and incentives for the stock market, the finance

A platform for children calls upon the government to allocate 20 percent of the national budget for the education sector to ensure education for every child.