The shift from July-June to April-March will require changes to laws, regulations and government systems, with ministries asked to submit time-bound plans by 25 October.
TBS Report
16 October, 2026, 01:35 am
Last modified: 16 October, 2026, 01:44 am
The government has asked all ministries and their subordinate offices to submit time-bound plans by 25 October to amend relevant laws, regulations and agreements, and make other changes needed to shift the country's fiscal year from July-June to April-March.
According to sources, the Cabinet Division recently sent letters to the Ministry of Public Administration and other ministries, seeking plans for the necessary changes.
The Ministry of Public Administration has since instructed its subordinate offices and agencies to submit their respective plans by the same deadline.
A letter signed by Public Administration Ministry Deputy Secretary Mosaddek Mehedi Imam said the review should cover relevant laws, rules, circulars, statutory regulatory orders (SROs), contracts and memorandums of understanding, as well as statistical and information technology systems.
The requested plans are intended to identify the amendments and revisions needed to implement the fiscal-year change, according to the letter.
How the fiscal year is changing
At a Cabinet meeting on 17 August, the government decided to shift Bangladesh's fiscal year from July-June to April-March.
To facilitate the transition, the government has set fiscal year 2027-28 as a nine-month transition period, running from July 2027 to March 2028.
The first full fiscal year under the new system will begin on 1 April 2028 and end on 31 March 2029.
The change will require adjustments to budget preparation by the Finance Division, tax collection by the National Board of Revenue, regulations governing public services, and financial and legal frameworks in the private sector.
Officials concerned said the Cabinet Division had sought time-bound plans to ensure the necessary changes are completed within the stipulated period.