Staff Reporter :
Ensuring sending increasing remittance in legal channels Finance Minister AHM Mustafa Kamal proposed to keep the existing 2.5 percent cash incentives to the expatriates to be remained while placing a Tk 6,78,064 crore national budget for 2022-23 financial year in parliament on Thursday.
The finance Minister said that in FY2020-2021 the growth of remittance stood at 36.10 percent. However, it has been decreased in the beginning of the 2021-2022 fiscal year.
He said that with a view to encouraging remittance through legal channel, we raised the rate of incentives 0.5 percentage point to 2.5 percent from January 2022.
AHM Mustafa Kamal said that the government has withdrawn the mandatory provisions for submission of earning documents of the remitters in the case of availing cash incentives against remittances exceeding the amount of US$ 5,000.
