Dhaka, Aug. 17 -- The Cabinet on Monday decided to shift Bangladesh's fiscal year from the existing July-June cycle to April-March from FY2028-29, with FY2027-28 to serve as a nine-month transition period.

The decision was taken at the Cabinet meeting chaired by Prime Minister Tarique Rahman at the Secretariat.

Bangladesh's fiscal year runs from July 1 to June 30. The government has decided to introduce the new fiscal year cycle to facilitate the completion of infrastructure development activities before the monsoon season.

Govt slashes import taxes on green chili, tomato

Under the existing fiscal cycle, infrastructure development activities continue during July and August, when heavy monsoon rains often delay projects, affect the qua...