The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has highlighted the new budget as realistic in the current context of the Covid-19 pandemic.
However, the success of the budget will depend mainly on its implementation, he said.
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“In the current situation, the size of the budget is unrealistic to implement the government’s commitment to meet the needs and aspirations of the people of the country,” said FBCCI President Jashim Uddin.
The challenge of budget execution will be achieved through good governance, proper monitoring, investment and increased production, he said.
The FBCCI president said it was important to ensure clear direction and planning to enhance the effectiveness, transparency, accountability and quality of oversight in budget implementation.
“The field of social security has increased to reduce unemployment and loss of income due to Covid-19. play a positive role. “
The targets set in the budget for energy and energy, communications management and the development of other infrastructure will accelerate the process of investment, industrialization and employment, he said.
The public-private partnership will play a greater role in the development of all these infrastructures.
The president of FBCCI said that they proposed the abolition of advance income tax (AIT) to reduce business costs.
“Business costs are rising because of the AIT. And so, we were proposing to abolish it. But there was no budget concern about that,” Udin said.