The Parliament on Tuesday passed the national budget for the fiscal year 2026–27 at 9.38 lakh crore taka, which will take effect from July 1.
Speaker Hafiz Uddin Ahmed announced the passage of the budget in Parliament through a voice vote.
Earlier on Monday, the Finance Bill was passed, finalizing tax and customs-related proposals.
Under the revised Finance Bill, the tax-free income threshold for individual taxpayers has been increased from 3.75 lakh taka to 4 lakh taka. At the same time, the provision allowing the investment of undisclosed (“black”) money in the housing sector without scrutiny has been abolished. Corporate tax for private universities and medical colleges has been reduced from 10% to 5%. No new VAT has been imposed on the retail sector, while tax exemptions and incentives for several sectors have been maintained.
The finance minister presented the budget proposal for FY 2026–27 in Parliament on June 11. The proposed budget size is about 18% higher than the current fiscal year.
The total revenue target has been set at 6.95 lakh crore taka. To cover the deficit, the government plans to borrow 2.43 lakh crore taka from domestic and foreign sources, of which 1.57 lakh crore taka is expected from external sources.
During the same period, about 46,000 crore taka will be repaid in principal and interest on external loans, resulting in net external borrowing of 1.16 lakh crore taka.
On the domestic side, the government plans to borrow 1.27 lakh crore taka, including 1.12 lakh crore taka from the banking system and 15,000 crore taka from savings certificates and other sources.
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