The International Business Forum of Bangladesh (IBFB) on Thursday said the credibility of the proposed FY2026-27 budget will depend on whether the government can deliver ambitious revenue targets through structural reforms rather than higher tax burdens, as inflation, banking-sector weaknesses and implementation challenges continue to weigh on the economy.
At a press conference titled “Proposed Budget 2026-27 – Expectations and Outcomes” at the National Press Club in Dhaka, the business body described the budget as a broadly positive roadmap for economic recovery, investment expansion, employment generation and longer-term reforms.
According to IBFB, the budget sends encouraging signals through its focus on investment, industrialisation, small and medium-sized enterprises (SMEs), women and youth entrepreneurship, the digital economy, renewable energy and a higher tax-free income threshold.
IBFB President Lutfunnisa Saudia Khan said successful implementation of these measures could attract domestic and foreign investment, create jobs and support stronger economic growth.
The organisation, however, argued that achieving the budget’s objectives will require addressing several structural challenges, particularly revenue mobilisation, inflationary pressures, banking-sector vulnerabilities and institutional capacity constraints.
It renewed calls for full digitalisation of tax administration and structural reform of the National Board of Revenue (NBR), saying a more efficient and transparent revenue system is essential for meeting fiscal targets while improving the business environment.
The forum also urged further reforms to improve the ease of doing business, expand SME financing, attract foreign direct investment and deepen the capital market.
Policy continuity emerged as a central concern for investors.
Responding to questions from journalists, former NBR chairman Muhammad Abdul Mazid said predictable policies are essential for maintaining an investment-friendly environment and supporting long-term economic stability.
IBFB said stronger private investment, supported by policy consistency and effective implementation, will ultimately determine whether the budget can translate its growth ambitions into economic outcomes.
Former IBFB President Humayun Rashid, IBFB Director M S Siddiqui and Vice-President Utpal Kumar Das also attended the briefing.
