Fakhrul describes budget as creative, business-friendly

BNP Secretary General Mirza Fakhrul Islam Alamgir today (11 June) described the proposed national budget for fiscal year 2026-27 as a creative budget aimed at boosting production, investment and business activities.

Reacting to the budget at his Jatiya Sangsad Bhaban office after it was placed in parliament, Fakhrul said the proposed budget will help the country's fragile and battered economy rebound and encourage investment.

"Considering the welfare of people from all walks of life, this budget has been prepared. It is a creative budget," he said.

Fakhrul, also local government, rural development, and co-operatives minister, said the proposed budget is fundamentally production-oriented, investment-friendly and business-friendly.

"To me, this is the most important aspect of the budget. We have not seen such incentives and concessions in previous budgets. The scope of support and incentives provided this time is much larger than before," he said.

Highlighting allocations for industries, healthcare and other key sectors, the BNP leader expressed optimism that the budget will help accelerate economic activities across the country.

"As a result, the economy will regain momentum very quickly. We hope Bangladesh's economy will turn around rapidly," he said.

Fakhrul said the budget was prepared by Finance Minister Amir Khosru Mahmud Chowdhury with the support of officials concerned, reflecting the vision and directives of Prime Minister Tarique Rahman.

Fakhrul said Bangladesh's economy had been left in a severely weakened state after what he described as 15 years of fascist government's rule.

"The economy was almost ruined during the past 15 years. Not only the economy, but democratic institutions were also damaged," he said.

The BNP secretary general also said the interim government also failed to bring the country back on track. "As a result, the country went through a period of a fragile economy, disorganised administration and severe economic hardship."

He said the responsibility of rebuilding the economy fell on the BNP government after it assumed office.

"In that context, our Finance Minister Amir Khosru Mahmud Chowdhury has presented this budget today," Fakhrul said.

He said the proposed budget reflected the government's sincerity in reviving the economy and restoring momentum to economic activities.

"This budget demonstrates how committed the government is to revive the economy and bring back growth and dynamism," the BNP leader added.

The finance minister placed the proposed budget for FY27 in parliament this afternoon.

After two breaks for prayers, he completed his budget speech around 8:08pm and then formally placed the finance bill in the House.

The proposed budget has an outlay of Tk9.38 lakh crore and focuses on controlling inflation, encouraging investment, creating jobs and supporting lower-income people.