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Bangladesh: Budget Focuses on Macroeconomic Stability and Poverty Reduction

(July 14, 2009) On June 30, 2009, Bangladesh's Parliament passed a $16.5 billion budget for the fiscal year 2009-2010, despite the absence of the opposition Bangladesh National Party (BNP). According to the Finance Minister, the global recession has had an adverse impact on three sectors: exports, imports, and remittances. The budget focuses on creating new […]

Bangladesh: President Signs Fiscal Year 2008-09 Budget

(July 2, 2008) The National Budget of Bangladesh for fiscal year 2008-09 has been signed by the President of Bangladesh. The Bangladesh Government expressed hope that the new budget will increase production and reduce inflation and the deficit. In the approved budget, the tax exemption limit for individual taxpayers has been raised, with special consideration […]

Australia: 2008-2009 Budget Passed

(June 2, 2008) The Australian Parliament has passed six appropriations bills to implement the government's 2008-2009 budget. The budget will amend legislation to provide for, among other things: • amendments to increase the personal income thresholds; • an increase in the Child Care Tax Rebate (from 30 to 50 percent); • amendments to Australia's universal […]