IBFB Hails FY27 Budget as Roadmap to Economic Recovery
International Business Forum of Bangladesh (IBFB) has described the proposed budget for FY 2026-27 as a positive and pragmatic roadmap aimed at driving economic recovery, expanding investment, generating employment, and advancing long-term structural reforms. “The budget’s emphasis on investment, industrialization, SME, support for women and young entrepreneurs, expansion of the digital economy, green energy and enhancement of the tax-free income threshold sends a strong positive signal for business confidence and job creation,” said IBFB President Lutfunnisa Saudia Khan.
IBFB president said this at a press conference titled “Proposed Budget 2026-27: Expectations and Outcomes,” at Jatiya Press Clubtoday, said a press release. Lutfunnisa Saudia Khan noted that if effectively implemented, these measures could help attract both domestic and foreign investment, generate new employment opportunities, and accelerate overall economic growth.
However, she also underscored the need to address key challenges, including ambitious revenue targets, inflationary pressures, weaknesses in the banking sector, and limitations in implementation capacity. IBFB also reiterated its long-standing recommendations including full digitalization of tax administration, structural reform of the National Board of Revenue (NBR), improvement of the ease of doing business, expansion of SME financing, attraction of foreign investment, development of the capital market, and ensuring policy continuity.
Former IBFB President Humayun Rashid, Life Member and former Chairman of NBR Dr. Muhammad Abdul Mazid, IBFB Director M.S. Siddiqui, and Vice President Engr. Utpal Kumar Das were present. Responding to a journalist’s query, Dr. Abdul Mazid stressed that policy continuity and predictability are essential for maintaining an investment-friendly environment and ensuring long-term economic stability. IBFB observed that with effective implementation, strengthened governance, and necessary reforms, the FY 2026-27 Budget could play a significant role in reinforcing the foundation for sustainable economic growth, increased investment, and development in Bangladesh.
