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The government of Bangladesh has announced multiple incentives for businesses in the proposed 2026–27 national budget, aiming to accelerate industrialization, attract foreign investment, and expand employment. The budget emphasizes trade facilitation, export diversification, and support for small entrepreneurs. A unified digital platform named 'BanglaBiz' has been launched to simplify business operations, while a heat map identifying 19 promising sectors has been published to attract foreign investors. New export processing zones are under development in Patuakhali and Jashore, expected to create about 250,000 jobs, alongside plans for new economic zones in Kurigram, Nilphamari, Chandpur, and Kushtia.

The budget also proposes duty-free import facilities for fully export-oriented industries, including agricultural products, light engineering, pharmaceuticals, and electronics. Eight potential export sectors will receive duty-free clearance against bank guarantees. To promote eco-friendly industrialization, policy support has been announced for producing electric buses, trucks, motorcycles, and scooters.

Bangladesh Bank has introduced a Tk 60,000 crore 'Stimulus Package 2026' to expand private sector credit flow, with allocations for reopening factories, agriculture, CMSMEs, export diversification, and developing the northern region as an agricultural hub.

12 Jun 26 1NOJOR.COM

Bangladesh unveils 2026–27 budget with major incentives for business, investment, and job creation

After the presentation of Bangladesh’s 2026–27 national budget in Parliament, National Citizens Party convener and opposition chief whip Nahid Islam described the budget as overly ambitious and detached from reality. He said the government planned to spend Tk 9.38 trillion against a revenue target of Tk 6.95 trillion, leaving a deficit of Tk 2.43 trillion. According to him, such revenue collection was impossible under the current administration and tax structure, forcing the government to rely on domestic and foreign borrowing.

Nahid warned that a debt-dependent budget would strain the banking sector and harm private businesses by limiting access to credit and shrinking employment opportunities. He criticized the finance minister for not addressing loan defaulters, economic reforms, or measures to recover laundered money. He also alleged that the government was returning Islami Bank to S. Alam Group, reviving public distrust in the banking system.

He, however, welcomed increased allocations for education, health, and social safety sectors, noting that reduced taxes on essential goods could ease prices if implemented effectively, though he expressed doubt about whether ordinary citizens would truly benefit.

12 Jun 26 1NOJOR.COM

Nahid Islam terms Bangladesh’s 2026–27 budget unrealistic and debt-driven after parliamentary presentation

Transparency International Bangladesh (TIB) has called on the government to abandon its plan to legalize black money and grant unconditional amnesty for repatriated funds in the upcoming 2026–27 national budget. In a post-budget statement released on Thursday, TIB described the proposal as disappointing and alarming, warning that such measures would normalize corruption and irregularities under state patronage. The organization argued that justifying the move as a way to boost investment or economic growth would be self-destructive for the government.

TIB Executive Director Dr. Iftekharuzzaman stated that successive governments since independence have allowed the legalization of undisclosed income, contrary to the spirit of the Constitution. He noted that these initiatives have encouraged tax evasion and discouraged honest taxpayers. He further criticized the current government’s attempt to revive the policy, saying it undermines its anti-corruption commitments and risks public trust.

TIB also cautioned that granting full immunity to black money holders would contradict previous political consensus and anti-corruption reforms, urging the government to prioritize long-term national welfare over vested interests.

12 Jun 26 1NOJOR.COM

TIB urges Bangladesh government to drop plan to legalize black money in 2026–27 budget

The National Citizens Party (NCP) has described the proposed 2026–27 fiscal year budget presented in the National Parliament as overly ambitious and detached from reality. Dr. Atik Mujahid MP, head of the NCP’s shadow budget committee, made the remarks in a statement on Thursday, June 11, 2026.

He stated that although the government has projected a deficit of about 2.5 trillion taka, the real figure could approach 4.5 trillion taka. According to him, the proposed revenue target of 6.95 trillion taka is unattainable under current economic conditions, and the shortfall in revenue collection could exceed 2 trillion taka.

The NCP’s criticism highlights concerns about the feasibility of the government’s fiscal projections and the potential for a significantly higher budget deficit than officially acknowledged.

12 Jun 26 1NOJOR.COM

NCP says Bangladesh’s 2026–27 budget unrealistic with record deficit risk

Amar Bangladesh Party (AB Party) has criticized the proposed 2026–27 national budget, saying it will push the country’s economy into greater risk due to its deficit and debt dependency. In a joint statement issued by Chairman Mojibur Rahman Monju and Secretary General Barrister Asaduzzaman Fuad, the party said the budget, presented in the National Parliament on Thursday, lacks clear direction to overcome the current economic crisis and uncertainty.

The AB Party leaders described the Tk 9.38 trillion budget with a deficit of about Tk 2.5 trillion as unrealistic and overly ambitious. They argued that the plan relies on increased taxes and borrowing rather than addressing unemployment, poverty, inequality, and corruption. According to the statement, the proposed measures will raise inflation, increase living costs, and discourage private investment, while failing to promote job creation or sustainable growth.

The party urged the government to reconsider the budget by focusing on productive investment, employment generation, anti-corruption measures, expenditure control, and stronger social safety nets to build a sustainable economic foundation.

12 Jun 26 1NOJOR.COM

AB Party says deficit and debt-based budget will deepen Bangladesh’s economic risks

The Bangladesh Textile Mills Association (BTMA) has welcomed the proposed 2026–27 national budget for emphasizing investment, production, employment, export capacity, and business facilitation. The association said that measures such as protection for local industries, improved competitiveness, tariff restructuring, and incentives for renewable energy send positive signals for the primary textile sector.

According to BTMA, several of its proposals were partially reflected in the budget. These include reducing advance income tax on export cash incentives from 10 to 5 percent, lowering taxes on recycled products and raw materials, cutting source tax on cotton supply, exempting duties on solar power equipment imports, and maintaining benefits for importing chemicals used in effluent treatment plants. The association also viewed legal provisions for free trade zones and initiatives to reopen closed mills as positive steps.

However, BTMA expressed concern over the proposal to withdraw the 30 percent value addition requirement for raw material imports under bank guarantees, warning of potential misuse and harm to domestic industries. It urged for a 15 percent corporate tax rate, stable tax policy, and investment-friendly reforms to address challenges such as high energy costs, supply uncertainty, and volatile raw material prices.

12 Jun 26 1NOJOR.COM

BTMA welcomes Bangladesh budget but urges stronger policy support for textile sector

Bangladesh’s Revolutionary Workers Party General Secretary Saiful Haque has said that the proposal to legalize black money in the new national budget will encourage renewed economic corruption. In a statement sent to the media on Thursday as an initial reaction to the proposed budget, he described the fiscal plan as a half-hearted attempt to meet public expectations within limited capacity, warning that the large deficit will ultimately burden ordinary citizens.

Haque noted that the government’s reliance on bank borrowing is likely to increase and that the ambitious revenue target of Tk 6.95 trillion will determine the success of budget implementation. He described the GDP growth target of 6.5 percent as modest and the inflation reduction goal of 7.5 percent as realistic, emphasizing that unchecked inflation would undermine public welfare. He urged greater incentives for domestic investment, reopening closed factories, and promoting labor-intensive industries to create jobs.

He also criticized the continuation of the black money whitening policy, saying it perpetuates economic wrongdoing. Haque added that allocations for education and health remain inadequate and called for increased funding for key sectors such as industry and agriculture.

12 Jun 26 1NOJOR.COM

Saiful Haque warns black money whitening plan will deepen economic corruption in Bangladesh

Economist and Distinguished Fellow Dr. Debapriya Bhattacharya has cautioned that Bangladesh’s newly proposed debt-dependent budget could pose challenges to fiscal discipline. Speaking to reporters on June 11 after leaving the national parliament’s budget session, he said the budget relies heavily on foreign loans and includes large lump-sum allocations across several sectors. According to him, the success of the budget will depend on its effective implementation.

Dr. Bhattacharya noted that the budget emphasizes liberalization, building a humane economy, and promoting digital inclusion. It also mentions allocations for youth and marginalized groups. However, he argued that the financial framework designed to implement these policy goals remains weak, with significant dependence on external borrowing. This, he warned, could undermine fiscal stability in the future.

He added that the government’s ability to maintain reform continuity and efficiently execute the budget will be the key test in the coming days.

12 Jun 26 1NOJOR.COM

Economist warns Bangladesh’s debt-heavy budget could strain fiscal discipline

Finance Minister Amir Khasru Mahmud Chowdhury has proposed major VAT exemptions in Bangladesh’s upcoming fiscal year budget, focusing on business, investment, and employment growth. The proposal includes a complete withdrawal of the 15 percent VAT on services provided by content creators and freelancers, removal of the 300 taka tax on mobile SIM cards, and an extension of VAT exemptions for certain industries.

The budget also suggests full VAT exemption for local supply, service imports, and rental spaces used by startup companies until June 30, 2035. In the health sector, a 10 percent VAT exemption is proposed for heart rings and intraocular lenses, along with a 7.5 percent advance tax waiver on dialysis equipment. For agriculture, all fertilizers and imported pesticides would be exempted from VAT and advance tax.

Additionally, VAT exemption for local production of mobile phones, computers, and electric vehicles would continue until 2030. New VAT rates are proposed for imported frozen fish, trees, and jewelry services, while higher taxes are planned for tobacco products to discourage consumption.

12 Jun 26 1NOJOR.COM

Bangladesh budget proposes VAT exemptions for freelancers, startups, and key sectors

Finance Minister Amir Khosru Mahmud Chowdhury proposed allocating Tk 300 crore for housing families of martyrs and disabled fighters from the July uprising under an ongoing project. He announced this during the presentation of the proposed 2026–27 national budget in parliament on Thursday. The proposal also includes continuing the existing monthly allowances for July uprising martyrs’ families and injured participants, while increasing the number of beneficiaries by 1,857 to a total of 16,513.

According to the proposal, families of martyrs will continue to receive Tk 20,000 monthly, while injured individuals in categories A, B, and C will receive Tk 20,000, Tk 15,000, and Tk 10,000 respectively. Additionally, allowances for decorated freedom fighters’ families will rise by Tk 5,000, setting monthly payments at Tk 40,000 for Bir Sreshtho, Tk 30,000 for Bir Uttom, and Tk 25,000 for Bir Bikrom and Bir Protik. The general freedom fighters’ allowance remains unchanged at Tk 20,000.

The finance minister also stated that the government plans to build 4,730 Bir Nibash homes in the 2026–27 fiscal year to ensure housing for freedom fighters and preserve the history of the Liberation War.

12 Jun 26 1NOJOR.COM

Tk 300 crore proposed for July uprising housing, allowances raised for decorated freedom fighters

Finance Minister Amir Khosru Mahmud Chowdhury announced major reforms for Bangladesh’s telecommunications and information technology sectors in the proposed 2026–27 national budget. To accelerate digital transformation, the government plans to withdraw the SIM card tax, reduce local production taxes, and expand 5G coverage nationwide. The Tk 300 tax on each SIM card will be fully removed, leaving only a 15 percent tax, which is expected to make mobile services more affordable. The government anticipates a revenue loss of about Tk 1,200 crore from this decision.

To keep mobile phone prices within reach, the budget proposes cutting advance tax on 22 raw materials for local manufacturers from 5 and 2 percent to just 1 percent. The source tax on mobile network services will drop from 12 to 10 percent, likely reducing call and internet costs. Additionally, the 20 percent source tax on BTRC license fees will be withdrawn.

The minister said the government aims to bring 90 percent of the population under 5G coverage and ensure a minimum broadband speed of 100 Mbps. Work has already begun with 4.1 million new 4G connections and free high-speed internet at key trains and airports.

12 Jun 26 1NOJOR.COM

Bangladesh budget removes SIM tax and lowers mobile costs to expand 5G and digital access

Finance Minister Amir Khosru Mahmud Chowdhury announced that the government will increase the monthly honorarium for families of decorated freedom fighters. Presenting the 2026–27 fiscal year budget in the National Parliament on June 11, he proposed a rise of 5,000 taka per month for each category of decorated freedom fighters’ families. Under the proposal, Bir Sreshtho families would receive 40,000 taka, Bir Uttom families 30,000 taka, and Bir Bikrom and Bir Protik families 25,000 taka monthly. The allowance for general freedom fighters remains unchanged at 20,000 taka. Other benefits such as festival bonuses, New Year allowances, medical support, and funeral grants will continue.

According to the Muktijoddha Kalyan Trust, the titles were awarded in 1973 to recognize acts of bravery during the 1971 Liberation War, with seven Bir Sreshtho, 68 Bir Uttom, 175 Bir Bikrom, and 426 Bir Protik honorees. The minister also announced plans to build 4,730 “Bir Nibas” homes for freedom fighters in the next fiscal year.

The budget proposal also maintains existing allowances for families of those killed in the July uprising and increases the number of beneficiaries to 16,513.

12 Jun 26 1NOJOR.COM

Bangladesh proposes higher monthly allowances for decorated freedom fighters in 2026–27 budget

The Dhaka Chamber of Commerce and Industry (DCCI) has described the proposed national budget for the 2026–27 fiscal year as business and investment friendly. The organization stated that the real success of the budget will depend on the effective implementation of the announced reform programs. At a post-budget reaction event in Dhaka, DCCI President Taskeen Ahmed said the proposed budget of Tk 9.38 trillion and the Tk 3 trillion Annual Development Programme are significant for the economy, but improving implementation capacity is essential. He also noted that high revenue targets and debt-based deficit management could pose challenges for private sector liquidity.

DCCI welcomed several measures, including treating tax deducted at source as advance tax, reducing duties on industrial raw materials, setting lower tax rates on 60 essential goods, and announcing a five-year tax structure in advance. It also appreciated incentives for healthcare, renewable energy, and electric vehicles, while urging an increase in the tax-free income limit to Tk 500,000.

The chamber further endorsed the allocation of Tk 50 billion for CMSMEs within a Tk 600 billion stimulus package, special facilities for women and disabled entrepreneurs, and simplification of small business taxation. It said mandatory single-window systems, faster work permits, lower withholding tax on foreign loans, and policy reforms could attract domestic and foreign investment.

12 Jun 26 1NOJOR.COM

DCCI terms 2026–27 budget business friendly, urges stronger implementation and policy support

Bangladesh’s proposed 2026–27 national budget introduces major tax reductions for the telecommunications industry, aiming to establish it as a national “thrust sector.” The budget proposes full withdrawal of the fixed Tk 300 tax on mobile SIMs, which is expected to reduce government revenue by about Tk 1,200 crore in the next fiscal year. It also suggests removing the 20 percent withholding tax on revenue shares, license fees, and other charges collected by the Bangladesh Telecommunication Regulatory Commission (BTRC). Additionally, import duties on 22 types of raw materials used in mobile handset production would be reduced to 1 percent.

The proposal extends the conditional VAT exemption for mobile phone manufacturing and assembly until June 30, 2030. The government has also initiated efforts to expand 5G coverage to 90 percent of the population within two years and ensure broadband speeds between 100 Mbps and 1 Gbps nationwide. The budget speech emphasized that telecom tax, VAT, and licensing policies will undergo major reforms to align with international standards.

Currently, ICT and telecom contribute only 1–2 percent to GDP, but the government targets a 10 percent share within five years through planned reforms and investment.

12 Jun 26 1NOJOR.COM

Bangladesh cuts telecom taxes and plans major reforms to make it a national thrust sector

Finance Minister Amir Khosru Mahmud Chowdhury has proposed allocating Tk 1,081 crore in the 2026–27 national budget to expand monthly honorariums and festival allowances for imams, muezzins, mosque caretakers, and priests and attendants of other religious institutions. The proposal was presented in the national parliament on Thursday. The government also plans to make Hajj management more affordable and efficient. Currently, imams, muezzins, and caretakers receive Tk 10,000 monthly, while priests and attendants of other faiths receive Tk 8,000. So far, 9,520 individuals from 6,438 religious institutions have benefited from these payments.

The proposed national budget for the 2026–27 fiscal year totals Tk 9.38 trillion, equivalent to 13.7 percent of GDP. The GDP growth target is set at 6.5 percent, with inflation expected at 7.5 percent. The budget deficit is projected at Tk 2.43 trillion, or 3.6 percent of GDP, to be primarily financed from domestic sources. This is the first budget presented by the newly formed BNP government following the February national election.

Compared to the previous fiscal year’s revised budget of Tk 7.88 trillion, the new proposal increases total expenditure by Tk 1.5 trillion.

12 Jun 26 1NOJOR.COM

Bangladesh proposes Tk 1,081 crore to expand honorariums for imams and other religious staff


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