The proposed budget for the 2023-24 fiscal year seeks to allocate Tk 6,597 crore to the Civil Aviation and Tourism Ministry, with the goal of modernizing the aviation sector and expanding the tourism industry to international standards. This allocation represents an increase of 17.2 percent, amounting to Tk 969 crore more than the previous fiscal year.
To facilitate trade and reduce operational costs, the budget proposes the exemption of advance tax on the import of aircraft engines, turbo jets, and aircraft parts by registered airlines. The government has already made significant progress in expanding the air fleet and implementing airport development projects.
Furthermore, the minister suggests withdrawing the existing concessionary rate for importing hotel materials, considering the substantial construction of large-scale hotels under this provision. Efforts have also been made to regulate hotel and motel construction in tourist centers like Cox’s Bazar and St Martin’s Island, ensuring sustainable tourism practices and engaging local communities and stakeholders.
In line with international standards, the government plans to establish three tourist parks in Cox’s Bazar: Sabrang Tourism Park, Naf Tourism Park, and Sonadia Eco-Tourism Park, offering top-notch accommodation and entertainment facilities. Additionally, the preparation of the “National Tourism Human Capital Development Strategy for Bangladesh: 2021-2030” aims to create employment opportunities and provide skilled workers for the country’s tourism industry.
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