The Bangladesh Jatiya Shangsad (Parliament) passed the
2009-2010 fiscal year budget on Tuesday. The net expenditure was set at Tk.
1,13,819 crore. This is the first budget of the current ruling party, the Awami
League, since their recent election.
Taxes on motorcycles, small cars, newsprint, and cell phones
have been reduced. There was also discussion of the money “whitening” process
of undisclosed funds being granted amnesty in the money market for one year.
The budget will be implemented starting from July.