Dhaka, April 16 -- The national budget for the upcoming fiscal year 2025-2026 (FY26) to be reduced to Tk7.90 lakh crore - a reduction of Tk7,000 crore compared to the original budget of the current fiscal year, the finance ministry has decided.
If this move goes ahead, it will be the first time since the country's independence that a new fiscal budget is smaller than that of the previous year, according to officials familiar with the development.
The decision was made during a meeting of the Coordination Council on Monetary, Currency and Exchange Rates, chaired by Finance Adviser Salehuddin Ahmed on Tuesday, sources said.
According to officials, the budget cut is driven by several challenges - including underperformance in revenue collec...