Revenue target set at Tk5.64 lakh crore for FY2025-26
Of the total, Tk4.99 lakh crore is expected to be collected through the NBR, while the remaining Tk65,000 crore is projected to come from other sources.
The proposed national budget for FY2025–26 sets the revenue collection target at Tk5.64 lakh crore, which is equivalent to 9% of the country's Gross Domestic Product (GDP).
Finance Adviser Salehuddin Ahmed presented the Tk7.90 lakh crore budget, proposing the new revenue target, during his televised budget speech today (2 June).
Salehuddin said efforts are underway to rationalise tax exemptions and achieve medium-term revenue goals through the continued initiatives of the National Board of Revenue (NBR) to enhance revenue collection.
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He also mentioned that the NBR has been strengthened with increased manpower to support these efforts.
He said that steps are actively under consideration to gradually reduce tax exemption facilities, expand the tax net, and introduce uniform VAT rates on various goods and services where possible.
Of the total estimated revenue income of Tk5.64 lakh crore, Tk4.99 lakh crore is expected to be collected through the NBR, while the remaining Tk65,000 crore is projected to come from other sources.
This marks the first budget presentation by Salehuddin in nearly one and a half decades since his tenure as the governor of the Bangladesh Bank.
He noted that the budget size has been kept relatively smaller this year in a bid to keep the deficit under control and in line with prevailing realities.
"Amid ongoing political unrest, the new budget aims to bring some 'relief' to low-income groups," he said.
Earlier in the day, the interim government's Advisory Council approved both the proposed national budget and the Finance Bill for FY2025-26 in a meeting chaired by Chief Adviser Muhammad Yunus at his office.
