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Economic Adviser Saleh Uddin Ahmed stated that a marginal increase in VAT on biscuits is unlikely to significantly affect the poor, though he did not justify the hike as entirely reasonable. “Bread affects everyone equally—rich and poor alike,” he said, adding that efforts are being made to keep the VAT on essential items like bread, biscuits, and cakes within tolerable limits. He also noted that the government has imported essential food items like wheat, chickpeas, soybean, and lentils to ensure food security. “When we took office, food reserves were nearly depleted. We are working to bring them to satisfactory levels,” he added. He acknowledged price fluctuations in the global market, including rising fertilizer costs and mixed trends in rice and soybean prices, calling it a significant challenge.
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