Dhaka: Dr Monzur Hossain, Member (Secretary) of the General Economics Division (GED) of the Planning Commission, has revealed that the upcoming national budget for FY27 is strategically aligned with the government’s election manifesto, emphasizing inflation control, investment stimulation, and job creation through structural reforms and social protection enhancement.
According to Bangladesh Sangbad Sangstha, Dr Monzur stated that the budget is being crafted with a focus on inclusive development, revenue generation, and revitalization of the rural economy while ensuring macroeconomic stability. “The priorities are aligned with the government’s manifesto. The issues emphasized there are being given top priority in this budget,” Dr Hossain remarked, noting the swift translation of election promises into actionable policies.
In an exclusive interview with BSS, Dr Hossain elaborated on the budget’s reflection of the government’s five key pillars from the manifesto, which include state reforms, equitable socio-economic development, balanced regional growth, and cultural and religious inclusivity. Flagship initiatives like farmers’ cards, women’s empowerment programs, and canal development projects have been integrated into the budget framework, showcasing the Prime Minister’s priorities.
Dr Hossain further explained that the government is structuring its electoral commitments into a comprehensive policy framework for the next five years, with a focus on immediate implementation. Addressing fiscal space concerns, he acknowledged the necessity of enhanced revenue mobilization and highlighted ongoing efforts to expand the tax base and improve tax compliance.
He emphasized the transitional economic phase Bangladesh is undergoing, necessitating significant investment to overcome structural weaknesses. If investment is pursued and returns are realized, he noted, the long-term fiscal outlook would remain positive.
On the issue of inflation, Dr Hossain identified price pressures and living cost increases as persistent concerns, driven by factors like energy supply shocks and global instability. To combat this, the government is implementing both demand-side and supply-side measures, including expanded social safety net programs that offer increased financial support.
He also mentioned the potential for additional central bank financing to boost productive sectors. “Social safety nets are now a major instrument for inflation management,” Dr Hossain stated, adding that efforts are underway to rejuvenate dormant industries to enhance production and productivity.