United News of Bangladesh

Amid domestic economic slowdown due to the scam-hit banking sector, revenue shortfall, high inflation, and the aftermath of war in West Asia, the government is preparing a landmark budget for the upcoming fiscal (2026-27), with a primary focus on establishing a comprehensive ‘Welfare State’, according to officials of the budget section at the Ministry of Finance. Finance Minister Amir Khosru Mahmud Chowdhury is expected to present a record Tk 9.30 lakh crore budget in the National Parliament on June 11. The proposed fiscal plan shifts from traditional allowance-based aid to an integrated family-centric protection framework, significantly expanding both funding and the number of beneficiaries. The government plans to increase the number of social safety net beneficiaries to approximately 3.63 crore in the budget of the upcoming fiscal year, up from 2.60 crore in the current fiscal year, FY2025-26. To support this expansion, the allocation is set to jump to Tk 35,708 crore, compared to the current Tk 21,701 crore, said the officials. The government plans to increase different social safety net coverage in the upcoming budget. Among these:   'Family Card' at the heart of protection: The BNP’s flagship ‘Family Card’ remains the centerpiece of the government's social security strategy. The number of families under this program is slated to rise to 41 lakh. To prevent duplication, Family Card holders will be ineligible for other individual social allowances, such as old-age or widow benefits. The government aims to cover 1.61 crore families by FY2029-30, with a projected five-year expenditure of Tk 1.33 lakh crore. Major Boost for Agriculture and Health ‍Sector: To secure the rural economy, the ‘Farmer Card’ program will be expanded to cover 42.5 lakh farmers, each receiving an annual cash assistance of Tk 2,500. In the health sector, the government plans to double the financial assistance for patients suffering from critical illnesses like cancer, kidney disease, and Thalassemia. The grant per patient is expected to increase from Tk 50,000 to Tk 1 lakh for 65,000 beneficiaries. Reforms in Traditional Allowances: The monthly benefit will increase from Tk 650 to Tk 700, with the number of beneficiaries rising to 62 lakh. Citizens aged 90 and above will receive a special monthly rate of Tk 1,000. The monthly Widow Allowance will also rise to Tk 700. As for the Disability Allowance, coverage will expand to 36 lakh individuals, though the monthly rate remains at Tk 900. Focus on Religious Institutions and Employment: In a significant move, the government is massively expanding honorariums for staff at religious institutions (mosques, temples, churches, etc.). The number of beneficiaries—including Imams, Muazzins, and Priests—will soar from 18,000 to over 2.56 lakh, with the budget increasing from Tk 27 crore to Tk 1,081 crore. Furthermore, to combat inflation-induced food insecurity, the ‘Food-Friendly Program’ will now provide 15 kg of rice at Tk 15 per kg to 60 lakh families. While the expansion is politically popular and aims to mitigate high inflation, economists warn of severe implementation challenges. Financing such a massive expansion is difficult given the current revenue shortage. The widening budget deficit, exacerbated by global trade volatility, remains a threat to long-term sustainability. Experts emphasize that the success of these programs hinges on a transparent, digitalized beneficiary selection process to ensure aid reaches the truly needy. The 2026-27 budget is expected to serve as a political and economic manifesto, as the first budget of the elected government that followed the July Uprising, and it will attempt to balance the promise of social equity with the harsh realities of a volatile global economy. According to Dr Jyoti Rahman, who works as a technical expert with the IMF on macroeconomic and fiscal policy issues, there are two time horizons through which the government's "welfarist" policies should be viewed. “Firstly, the short-to-medium term,” he says. “Since Covid, inflation has eroded the real wages of the working poor and even the middle class. Household savings have declined. And then came the Iran War. But the government can't stimulate the economy through interest rate cuts and megaprojects as in the low interest era of the 2010s anymore.”  That is where welfare payments to households, as long they are fiscally sustainable (that is, paid for by rising revenue), can be a sensible way to support beleaguered households, Rahman contends. “Secondly, the longer term,” he continues. “The government appears to be philosophically committed to a growth model that is different from the megaproject-driven model of the Hasina regime. The exact details of this model isn't clear yet, but it might be something along the lines of private investment generating employment and income, which generates tax and redistribution.” Here the key, obviously, will lie in whether the government is capable of implementing this vision.

Parliament will go into the Budget session on June 7, said a Parliament Secretariat press release on Thursday. President Mohammed Shahabuddin has summoned the second session of the 13th Parliament at 3pm on that day, which will also be the first budget session of the current parliament. According to the release, the President convened the session exercising the powers vested in him under Article 72(1) of the Constitution. Sources at the Parliament Secretariat said Finance Minister Amir Khasru Mahmud Chowdhury is scheduled to place the proposed national budget for the 2026-27 fiscal year on June 11 (Thursday) As it is a budget session, the sitting is expected to be a lengthy one. The duration of the session will be finalised at a meeting of the Parliamentary Business Advisory Committee before the House goes into session. The first session of the 13th Parliament ended on April 30. During that session, a total of 94 bills were passed after 25 working days. Following the fall of the Awami League government on August 5 that year, the budget for the 2025-26 fiscal year was presented by Finance Adviser Salehuddin Ahmed of the interim government.  

Apple has introduced a range of new products, including two devices priced at $599, as part of what CEO Tim Cook described as a “big week” of announcements aimed partly at budget-conscious buyers. The new lineup was presented during hands-on media events in New York, London and Shanghai on Wednesday. The announcements include the new iPhone 17e, an entry-level laptop called MacBook Neo, updated iPad Air M4 tablets, refreshed monitors and upgraded chips for the company’s high-end laptops. Preorders for the devices began Wednesday. The announcements come after the company reported record quarterly earnings driven by strong sales of the iPhone 17 series, although Apple has yet to roll out its previously promised artificial intelligence upgrades for Siri. iPhone 17e The iPhone 17e is designed for budget buyers and starts at $599 about $200 cheaper than the base iPhone 17. It uses the same A19 chip as the standard model and offers 256GB of storage, double the capacity of the previous 16e version. The phone features a 48-megapixel camera and a C1X modem that supports faster cellular speeds. It also includes Apple’s Super Retina display, Ceramic Shield 2 protection and MagSafe charging with Qi2 support. The device will be available in black, white and light pink.  iPad Air update Apple also introduced an updated iPad Air powered by the M4 chip. While the higher-end iPad Pro uses the newer M5 chip, the Air still provides strong performance for everyday tasks such as streaming, browsing, email and video editing. The company increased the tablet’s memory from 8GB to 12GB without raising the price. The 11-inch model starts at $599, while the 13-inch version starts at $799, both with 128GB of storage. MacBook and chip upgrades Apple upgraded its MacBook Pro laptops with new M5 Pro and M5 Max chips aimed at improving performance and battery efficiency. The 14-inch MacBook Pro with the M5 Pro chip starts at $2,199, while the 16-inch model starts at $2,699. Both offer 24GB of RAM and 1TB of storage, along with support for Wi-Fi 7 and Bluetooth 6. The new MacBook Neo, Apple’s most affordable laptop yet, features a 13-inch display, an A18 Pro chip, 256GB storage and two USB-C ports. The base model costs $599, while a 512GB version with Touch ID is priced at $699. Students and educators can get a $100 discount. Apple also refreshed the MacBook Air with the base M5 chip and doubled storage to 512GB. The 13-inch model starts at $1,099 and the 15-inch version at $1,299.  New monitors The company also launched two 27-inch 5K monitors the Studio Display and the higher-end Studio Display XDR. Both feature 5,120×2,880 resolution, 12-megapixel Center Stage cameras, six-speaker systems, two Thunderbolt 5 ports and two USB-C ports. The Studio Display costs $1,599, while the advanced XDR version which includes mini-LED backlighting and a 120Hz refresh rate starts at $3,299.

The National Board of Revenue (NBR) has formed a budget committee by assigning additional responsibilities to four senior officials to support the preparation and coordination of the national budget for the 2026–27 fiscal year. According to an official order issued on February 23 by the NBR Board Administration Wing, the committee has been constituted to ensure smooth coordination, planning and management of budget-related activities. NBR records 13% growth in tax collection y-on-y in first 7 months of fiscal The order was signed by Mohammad Mofizur Rahman, Second Secretary (Board Administration-1), and came into immediate effect following approval from the competent authority. As per the order, SM Shamsuzzaman, First Secretary (Customs: Automation), has been designated as the Chief Budget Coordinator. Three other officials have been appointed as Budget Coordinators to assist in the process. They are Tanvir Ahmed, Second Secretary (Customs: Classification and Valuation Ruling); Syed Mehedi Haque, Second Secretary (Tax Appeal and Legal); and Tauhidur Rahman, Second Secretary (Tax Exemption). All four officials are currently serving at the NBR headquarters in Dhaka and will perform these responsibilities in addition to their existing duties. NBR invites applications for C&F agent licences The NBR said the committee has been formed to strengthen internal coordination and facilitate effective preparation, monitoring and implementation of budget-related activities. The committee will support revenue planning, coordination among relevant departments and other preparatory work linked to the formulation of the national budget. The NBR is the country’s apex tax authority responsible for mobilising domestic revenue, which constitutes the largest share of government income and plays a critical role in national budget formulation. This will be the first budget of the BNP led government after assuming office through winning a landslide victory on February 12 election.

The government has allocated 40.05 percent of total social assistance to be distributed  through digital cash transfers in the proposed national budget for FY 2025-26, aiming to enhance transparency and efficiency in the sector. Social assistance remains the largest functional category within the broader social security framework, according to the budget papers. The government, according to a budget document, has made significant progress in modernising this segment through digital means, reflecting its commitment to poverty alleviation and human rights. According to the proposed budget, direct Government-to-Person (G2P) payments now account for 40.05 percent of all social protection interventions, up from 35.70 percent in FY 2023-24 and 34.48 percent in the ongoing FY 2024-25. Of the 30 cash-based programmes under social protection, 29 are currently covered by G2P systems. In total, Tk 47,597 crore has been allocated to 36 different programmes under social assistance, which constitutes 40.78 percent of the total social security budget of Tk 1,16,731 crore for FY 2025-26. Social security programmes get bigger allocations in national budget for FY26 The transition to digitised cash transfers—utilising Mobile Financial Services (MFS), Electronic Fund Transfers (EFT), and the National Payment Switch Bangladesh (NPSB)—has improved service delivery, minimized leakages, and reduced administrative costs. These reforms align with the National Social Security Strategy (NSSS), which advocates for robust delivery systems and better targeting. Digital initiatives such as the Dynamic Social Registry, part of the Social Protection Digital Transformation Project, are also supporting this transformation. The expansion of one-off cash grants and stipends further reflects Bangladesh’s efforts to build a responsive and adaptive social protection system. In FY 2025-26, one-off cash grants are set to increase to 19.24 percent from 17.96 percent in the current fiscal, while stipends will slightly decline to 10.64 percent from 11.92 percent. These cash-based programmes provide recipients with greater flexibility and dignity, allowing them to meet urgent needs such as healthcare, education, and nutrition. Although food assistance continues to play a critical role—rising to 11.01 percent of social assistance in FY 2025-26 from 6.40 percent in the current fiscal—the government’s gradual shift to cash transfers aligns with global best practices and the NSSS direction to phase out costly in-kind support. Meanwhile, the budget reflects a reduced emphasis on public workfare programmes, with allocations falling to 6.85 percent from 18.46 percent. This shift signals a focus on direct income support for vulnerable populations, including women, the elderly, and persons with disabilities. Bangladesh’s investments in digital infrastructure, fintech innovation, and partnerships with financial institutions are positioning the country as a regional leader in inclusive, technology-driven social protection. ICAB welcomes budget, but suggests lowering tax on online trading The continued growth of digital cash-based assistance highlights the government’s resolve to promote financial inclusion, empower women economically, and foster sustainable development. On June 2, Finance Adviser Salehuddin Ahmed placed a Taka 7,90,000 crore national budget for the fiscal year 2025–26, which is 12.7 percent of the GDP, through a pre-recorded televised video. This is the country's 54th budget and the first of Professor Dr Muhammad Yunus-led interim government.  Out of the total budget size, the operating cost and other expenditure have been estimated at Taka 5,60,000 crore while the Annual Development Programme (ADP) has been estimated at Taka 2,30,000 crore.  

The government has allocated Tk 1,16,731 crore for social security programmes in the proposed national budget for the fiscal year 2025-26, marking a significant increase and reaffirming its commitment to poverty alleviation and human rights. This allocation represents a 3.27-fold increase from the Tk 35,975 crore earmarked in FY 2015-16, and now accounts for 14.78 percent of the total national budget and 1.87 percent of GDP. According to the budget document, the government views social protection not only as a vital development priority but also as a tool for addressing poverty and vulnerability across the country. The social security allocation is distributed among 95 programmes, a sharp reduction from 140 in the previous fiscal year, due to efforts to streamline and consolidate initiatives for better efficiency. Among the various components, social assistance comprises the largest share—40.78 percent—spanning 36 different programmes accumulated Tk 47,597 crore. Budget 2025–26 market-friendly, say CPD, DSE and DBA   This is followed by: Social Insurance programmes of Tk 35,434 crore and three General Subsidies programmes with Tk 24,965 crore, with the 19 Labor Market Programmes of Tk 4171 crore, 15 social care service programmes with Tk 2327 crore, 17 Community Development programmes with Tk 2013 crore and three Technical Assistance programmes with Tk 223 crore. The budget document highlights that the increased allocation and restructuring reflect the government’s strategic shift toward a more integrated and policy-aligned social protection system. This year, the Finance Division has introduced key reforms, including the use of a unified Operational Code system under the Integrated Budget and Accounting System (iBAS++), enabling better expenditure tracking and reporting. For instance, previously fragmented programmes such as those for the welfare of Hijra, Bede, disadvantaged communities, and tea labourers—once spread across four Operational Codes—have now been merged into a single code. These reforms align with the recommendations of the National Social Security Strategy (NSSS), which calls for concentrating resources on a smaller number of priority schemes that address lifecycle risks more effectively. To further improve transparency and coordination, each ministry and division has been tasked with identifying and classifying their social security programmes using seven functional and nine lifecycle categories. Programmes are now categorized based on the type of intervention—cash, kind, food, or others. The comprehensive classification exercise is expected to enhance consistency, allow more accurate monitoring, and ensure policy coherence across ministries. It also distinguishes between core social security interventions and broader development projects, facilitating better planning and resource allocation. The government believes this consolidated approach will enable a more robust and responsive social protection system capable of delivering benefits more efficiently to those most in need.  

The proposed national budget for the 2025–26 fiscal year has allocated Tk 2,956 crore for the Election Commission (EC) Secretariat -- more than double the Tk 1,230 crore earmarked in the current fiscal year. Finance Adviser Dr Salehuddin Ahmed unveiled the Tk 790,000-crore budget on Monday through state-run Bangladesh Television (BTV) and Bangladesh Betar. Of the total allocation for the EC, Tk 2,727 crore has been designated for operating expenses, while Tk 229 crore will go towards development activities. Real estate route remains open in budget for legalising black money The operating budget marks a significant increase from the current allocation of Tk 793 crore, which was later revised to Tk 716 crore for the 2024–25 fiscal year. The sharp rise is widely believed to be aimed at covering the costs associated with the upcoming national election. Chief Adviser Prof Muhammad Yunus, during a recent visit to Japan, said the next national election will be held between December and June 2026. As such, the 12th parliamentary election is expected to be conducted during the 2025–26 fiscal year. Earlier, the EC had requested approximately Tk 2,800 crore to conduct the next general election and ensure law and order during the polls. The budget for the 12th general election, held on January 7, 2024, was Tk 2,276 crore, while Tk 700 crore was allocated for the 11th general election held on December 30, 2018.  

Finance Adviser Salehuddin Ahmed in the budget speech on Monday proposed complete withdrawal import duties on 110 products and lessening of import duties on 65 products ahead of trade talks with the US. “As part of preparations for trade dialogue with the United States, it has been proposed to completely withdraw import duties on 110 products and reduce import duties on 65 products,” said the Finance Adviser in his pre-recorded televised budget speech. Earlier, on April 30, Salehuddin said Bangladesh would engage in negotiations with the United States over retaliatory tariffs, emphasising that efforts would be made to avoid any actions that could escalate tensions. “There are 90 days to resolve the issue through discussions. If necessary, we will seek an extension,” he stated while addressing the 45th meeting of the budget consultative committee, organised by the National Board of Revenue (NBR) and the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) at a city hotel. Interim govt to rely more on bank loans to meet budget deficit According to NBR sources, around 2,500 products are imported annually from the United States. In 2024, Bangladesh imported products worth $2.62 billion from the United States, covering 2,515 items under the HS Code, according to NBR data.  

The interim government is set to unveil a Tk 790,000 crore national budget for the 2025–26 fiscal year on June 2, a defining moment for Bangladesh as it navigates mounting economic pressures and charts a course for stability and growth. This will be the first budget to be presented by the newly installed appointed administration, which faces the daunting task of curbing persistent inflation, reinvigorating private investment and strengthening social safety nets amid global and domestic uncertainties. Finance Adviser Dr Salehuddin Ahmed will deliver the budget speech in a pre-recorded broadcast scheduled for 4 pm on Bangladesh Television (BTV) and Bangladesh Betar. Private television channels and radio stations have been requested to air the speech simultaneously, using BTV’s official feed. In contrast to previous years, the proposed budget is Tk 7000 crore lower than the current fiscal year’s allocation of Tk 797,000. According to Finance Ministry officials, this reduction aligns with a strategy for fiscal consolidation, ensuring a more implementable and efficient financial plan. The projected budget deficit stands at Tk 226,000 crore, down from Tk 256,000 crore in the current fiscal year, representing 3.62% of the GDP. To bridge this gap, the government will depend on foreign borrowing, bank loans, and savings certificates. An ambitious GDP growth target of 5.5% has been set for FY26, slightly higher than the revised 5.25% for the current year. But, international financial institutions, including the World Bank, IMF and ADB, predict growth will remain below 5%. Inflation control remains a priority, with the government aiming to bring it down to 7%. However, economists warn that persistent inflationary pressures could pose risks to achieving this target. Japan to provide $1.063 billion for budget support, railways To alleviate the financial strain on lower-income groups, the budget includes an expansion of social safety net programs, increasing both beneficiary numbers and allowance amounts. Key sectors prioritised for funding include agriculture, health, education and technology. The Annual Development Programme (ADP) allocation is projected at Tk 230,000 crore, a reduction from Tk 265,000 crore in the current fiscal year, signifying a more focused investment approach. Dr Salehuddin Ahmed has assured that the upcoming budget will be business-friendly, introducing tax policies designed to enhance investment, GDP growth and job creation. The revenue collection target for FY26 is set at Tk 518,000 crore, up from Tk 480,000 crore in the current fiscal year. But, the IMF has recommended a more aggressive target of Tk 580,000 under its reform agenda. Non-development expenditures will rise, with major allocations earmarked for debt servicing, food subsidies, and banking sector reforms. The non-development budget is expected to reach Tk 560,000 crore, an increase of Tk 28,000 crore compared to the current fiscal year’s allocation. The government also plans to strengthen the banking sector with a dedicated allocation to cover the capital shortfall of state-owned banks. Besides, subsidies for agriculture, fertilizers, and electricity will continue to support key industries. As anticipation builds for the budget announcement, public sentiment is mixed—hopeful about stronger social safety nets and inflation control, yet wary of implementation challenges. Finance Adviser to unveil budget on June 2 Economists caution that without structural reforms and effective execution, the budget’s ambitious goals may be difficult to achieve. They advocate for enhanced wealth taxation and improved enforcement mechanisms to broaden direct taxation and minimize dependence on regressive indirect taxes. The budget presentation by Finance Adviser Dr Salehuddin Ahmed will be closely scrutinised, as it is expected to shape Bangladesh’s economic recovery and growth in the post-uprising political transition era.  

Finance Adviser Dr. Salehuddin Ahmed will present the national budget for the 2025–26 fiscal year on June 2. The pre-recorded budget speech will be aired at 4 pm on Bangladesh Television (BTV) and Bangladesh Betar, according to a press note. Peacekeeping in UN missions a constant challenge: Salehuddin All private television channels and radio stations have been requested to relay the speech simultaneously by taking the feed from BTV.