The budget size for the fiscal year 2025-26 has been set at Tk7.9 trillion, which is Tk70 billion less than the current budget.
The upcoming budget is expected to propose reductions in source tax, import duties, and VAT on several products. As a result, the prices of these products may decrease.
Notable products on the price reduction list include LNG, fuel oils, over 30 agricultural and daily-use items such as paddy, paddy husk, rice, wheat, potatoes, livestock, fish, meat, onions, garlic, peas, chickpeas, lentils, ginger, turmeric, dried chili, pulses, corn, sugar, cancer medicines, foreign juices, and software.
On Monday, the 55th National Budget of the country was announced by the Economic Advisor of the Interim Government, Dr Saleh Uddin Ahmed. The budget announcement for the fiscal year 2025-26 will be broadcast live on Bangladesh Television at 3:00 pm. For the first time since independence, the budget size is shrinking.
According to the Ministry of Finance, the budget deficit has been kept manageable to control inflation and maintain macroeconomic stability. The proposed total expenditure for the upcoming fiscal year is Tk7.9 trillion, compared to Tk7.97 trillion in the current fiscal year’s budget, resulting in a reduction of Tk70 billion.
