Investment will depend less on tax incentives and more on restoring business confidence, said Abdur Razzaque, chairman of the Research and Policy Integration for Development

He welcomed the government’s commitment to keeping corporate tax rates stable, reducing financing costs and offering incentives to foreign investors

Finance Minister Amir Khosru Mahmud Chowdhury today said the government is spending around Tk 40,000 crore in the current fiscal year to recapitalise weak banks as part of a broader effort to restore discipline and stability to the financial sector.

Electric vehicles, cancer medicines and laptops to get cheaper while cigarettes, smart watches to cost more

The minister said the government has increased allowances for athletes in an effort to promote sports as a viable profession. Currently, 300 athletes receive sports allowances

Here are 12 measures in the new budget

Taxes on mid-range internal combustion engine vehicles will increase

It also proposes lowering taxes on imported electric vehicles

Finance Minister Amir Khosru Mahmud Chowdhury said while presenting the national budget for FY27 in parliament today

The government plans to expand the corporate bond market and promote alternative financing instruments to support long-term investment

The move aims to cut bureaucratic delays, reduce costs and make Bangladesh a more attractive destination for private and foreign investment

To finance the deficit, Tk 127,000 crore is proposed to be sourced domestically and Tk 116,000 crore from external sources

The Daily Star is following the parliamentary session live. Scroll down for the latest updates-

New regulatory frameworks will also cover air cargo operator stations and private port and terminal operators

Settlement will be brought down from the current T+2 to T+0 in phases

Finance minister Amir Khosru to place the budget in parliament at 3:00pm

Tk 55,000cr additional allocation under public service head

Finance Minister Khosru will propose the complete exemption of the 7.5 percent VAT applicable at the business stage on all fertilisers used in agricultural activities

It will be the first budget to be tabled by Amir Khosru, a former commerce minister during the previous tenure of the BNP government

The Bangladesh economy regained pace and grew by 4.14 percent in the outgoing fiscal year