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The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has described the proposed national budget of Tk9.38 lakh crore as “large but implementable,” while emphasizing the need for foresight, efficiency, and transparency to ensure its successful execution.
In its immediate reaction to the budget on Saturday, the country's apex business body said that the size of the budget is not unrealistic given Bangladesh’s ambition to become a trillion-dollar economy amid a challenging global geopolitical environment.
However, it noted that the government must make every effort to implement what is the largest budget in the country's history.
The organization congratulated Prime Minister Tarique Rahman and Finance Minister Amir Khasru Mahmud Chowdhury for prioritizing economic stability, investment, production, and employment in the proposed budget.
FBCCI identified the revenue collection target of Tk6.95 lakh crore as one of the government's biggest challenges. It stressed that achieving this goal would require greater transparency in revenue administration and reforms within the National Board of Revenue.
The business body also expressed concern over the government's plan to raise Tk1.27 lakh crore from domestic sources to finance the budget deficit. It warned that excessive government borrowing from the banking sector could restrict credit flow to private businesses, potentially affecting investment and job creation. FBCCI suggested that the government seek more affordable financing from foreign sources whenever possible.
https://thedailyexpress.news/news/business/1f1670b3-5af5-6420-897d-bec5b10b7121