In June 2015, the Finance Minister’s 2015-16 budget, presented to Parliament in June 2015, is the second budget of the second term of the Awami League Government. At 38 billion US dollars (USD), the budget would increase government spending by 23 percent over last year and is about 17 percent of the country’s GDP. About 60 percent of this outlay will be met from tax revenue, along with a mere 2 percent from foreign grants.
The government projects GDP growth of 7 percent, which exceeds the annual growth of just over 6 percent seen for most of last decade. The budget’s inflation target is 6.2 percent.
Notable changes corporate tax in the budget are as follows: