Dhaka, Aug. 18 -- The government of Bangladesh has decided to restructure the country's fiscal calendar, shifting it from the long-standing July 1-June 30 cycle to April 1-March 31 timeline.

Under the approval granted in a Cabinet meeting, FY2027-28 will serve as a 9-month transitional fiscal year (July-March), with the new April-March cycle fully coming into effect starting from FY2028-29.

While appearing to be a simple three-month adjustment on paper, the decision aligns state budgeting, development projects, revenue collection, and tax administration with the country's seasonal and global realities.

The central reason behind the timeline revision is aligning government development activities with Bangladesh's weather patterns. Under...