Bangladesh leaders gave final approval to the country's huge spending plan today. The Advisory Council agreed to spend almost 8 lakh crore taka during the next year. Chief Adviser Muhammad Yunus led the meeting where they made this decision. The massive budget will start working from July first. This marks the first major money plan under the current government.
The finance team presented their ideas through a recorded video back on June second. They could not do it the normal way because the parliament does not exist right away. Leaders decided to give more money to help poor people across the country. They raised the safety net funds from about 81 thousand crore to over 91 thousand crore taka. The government also removed a rule that let people make dirty money clean through property deals.
Officials want the economy to grow by five and a half percent next year. They hope to keep prices from rising more than six and a half percent. The government plans to spend 5.6 lakh crore on regular costs and 2.3 lakh crore on building projects. The country will need to borrow about 2.26 lakh crore taka to pay for everything. This borrowing amount is less than what they needed last year.
Tax experts made many changes to help businesses and regular people. They cut taxes on private schools and colleges from fifteen percent down to ten percent. Property transfer fees went down from higher rates to just two, three, and five percent. Companies that sell shares to the public will pay between twenty and twenty seven percent tax depending on how they handle their money. Solar power equipment will cost much less to import because of lower taxes.
The finance team presented their ideas through a recorded video back on June second. They could not do it the normal way because the parliament does not exist right away. Leaders decided to give more money to help poor people across the country. They raised the safety net funds from about 81 thousand crore to over 91 thousand crore taka. The government also removed a rule that let people make dirty money clean through property deals.
Officials want the economy to grow by five and a half percent next year. They hope to keep prices from rising more than six and a half percent. The government plans to spend 5.6 lakh crore on regular costs and 2.3 lakh crore on building projects. The country will need to borrow about 2.26 lakh crore taka to pay for everything. This borrowing amount is less than what they needed last year.
Tax experts made many changes to help businesses and regular people. They cut taxes on private schools and colleges from fifteen percent down to ten percent. Property transfer fees went down from higher rates to just two, three, and five percent. Companies that sell shares to the public will pay between twenty and twenty seven percent tax depending on how they handle their money. Solar power equipment will cost much less to import because of lower taxes.
