Bangladesh has decided to replace its long-standing July–June fiscal year with an April–March cycle from fiscal year 2028–29. Fiscal year 2027–28 will serve as a nine-month transition period running from July to March. The government says the change is intended to better align development activities with the country’s weather conditions.

Under the present calendar, the fiscal year’s final three months—April, May and June—coincide with increasing monsoon effects, disrupting road, infrastructure and other development work. The timing can also encourage rushed spending near the fiscal year-end. Policy Exchange of Bangladesh Chairman and Chief Executive Dr M Mashrur Riaz called the change a positive step, though he said a January–December fiscal year would have offered a longer weather-friendly work period.

Analysts said calendar reform alone will not resolve chronic project delays linked to approvals, land acquisition, tender procedures, administrative complications and weak project management. The government is reviewing required adjustments to budgeting, tax collection, accounting, financial-management software and regulations. FBCCI Administrator Md Fazlul Haque said the initiative could reduce waste and save funds in public development projects.