The highlights of the proposed budget for fiscal
year 2022-23 are following--
Total proposed budget-- Taka 6,78,064 crore
GDP growth target 7.5 percent, GDP size-- Taka 44.50 lakh crore
Revenue target-- Taka 4.33 lakh crore
Budget deficit-- Taka 2.42 lakh crore (5.4pc of the GDP)
The average inflation is 5.6pc in FY2022-23
Government proposes to withdraw advance tax on gold imports
Cigarettes to get costlier
Low-income families to get food assistance at increased Taka 15 per kilogram
Government proposes doubling source tax on exports
Taka 36,863 crore allocation proposed for health sector
Ten percent tax increase on shaving, beautification, toiletries, disinfectant
and depilatory items
Tax-free income limit to remain unchanged
Textile sector to enjoy reduced tax of 15pc till 2025
Ultra-rich to pay more excise duty on bank accounts
Tax rebate for employers of physically challenged or third gender people to
amend 5pc tax for restaurant sector
Import-dependent, less important govt expenditures to be stopped or reduced
Government decreases allocation for Covid-19 response
Source tax on bank deposit interests of companies doubles
Government imposes five percent VAT on locally-made mobile phones, fridges
Tax-free forex earning for flag vessels
Government reduces corporate tax to 12pc for non-RMG sectors
Government slashes source tax on raw material to four percent
Taka 82,745 crore subsidized for fuel, electricity, gas and fertilizer.
