Bangladesh has inherited a tax system that leans hardest on those least able to bear it. That was decades in the making, and it will not be undone in a single budget. But change it must.
The most important reforms, including tax modernization, banking-sector restructuring, and stronger central bank independence, remain incomplete. The coming budget will therefore be more than a financial document. It will be the first serious indication of whether the government intends to match cautious rhetoric with sustained reform.
