The proposed budget for FY27 is built around ten strategic priorities to attain a good number of objectives including to ensure inclusive development, quality education and healthcare for all, universal social protection. Finance Minister Amir Khosru Mahmud Chowdhury highlighted this while placing the proposed budget for FY27 in the Jatiya Sangsad on Thursday.
These priorities include:
1) Inclusive Development: The government’s development agenda will ensure meaningful equitable participation of all citizens, classes, sectors, and regions so that the benefits of growth are shared equitably.
2)Quality Education and Healthcare for All: Transforming the education system into a skills-based, value-oriented framework while ensuring universal access to quality healthcare as a fundamental right.
3)Universal Social Protection: Establishing a universal, life-cycle-based social protection system to ensure social security coverage for citizens at all stages of life, thereby reinforcing the foundation of a welfare state.
4)An Economy driven by Investment, Employment, and Production: Agriculture will be given a strategic priority, supporting production, livelihoods, and food security. “Alongside this, we will promote entrepreneurship, accelerate industrialisation, diversify exports, and leverage technology to create sustainable jobs and income opportunities, particularly for young people,” said the Finance Minister.
5)Deregulation and a Cost-effective, Simplified Business Environment: Fostering a transparent, streamlined, and cost-efficient business environment by deregulating government procedures and eliminating delays and unnecessary administrative steps.
6)Financial Sector Stability: Restoring discipline, transparency, and accountability across the banking and financial sectors to safeguard depositors’ interests, rebuild public confidence, and reinforce institutional responsibility, while promoting investment through reforms aimed at developing a vibrant and efficient capital market.
7)Energy Security: Ensure a reliable supply of power and energy to support economic activity while pursuing a self-reliant energy strategy that delivers affordable, dependable, and environmentally sustainable energy solutions. 8)Digital Transformation and ICT Development: Transforming Bangladesh into one of the world's leading exporters of ICT products and services by building a technologically advanced, innovative, and inclusive digital economy.
9)Management of Life, Nature, Environment, and Water Resources: Protecting the nation from the impacts of climate change and preserving biodiversity by transforming community-led afforestation into a green revolution; mainstreaming environmental considerations in development planning; restoring the navigability of rivers; and relaunching canal restoration and excavation programmes to build a sustainable, green, climate-resilient, and livable future for generations to come.
10)Transparent, Efficient, and Accountable Institutions and Administrative Systems: Building transparent, efficient, and accountable institutions and administrative systems, while fostering merit-based governance and enhancing the efficiency and effectiveness of public investment implementation.
Presenting the proposed Tk 9.38 lakh crore national budget for FY 2026-27 in parliament today, the finance minister said the government and the central bank have adopted a tight monetary policy to tackle persistent inflation and stabilize the economy.
He noted that the policy rate has been raised to 10 percent to curb inflationary pressures and moderate excessive demand in the economy. The minister said the government inherited a financial sector burdened by years of irregularities, weak governance, politically influenced lending practices and a growing volume of non-performing loans.
To address these challenges, the government has initiated emergency interventions in troubled banks and undertaken institutional consolidation measures to protect depositors and preserve financial stability. He said restoring discipline and transparency in the banking sector remains a key priority of the government.
Efforts are underway to improve governance, strengthen oversight mechanisms and address structural weaknesses that have undermined public confidence in the financial system. The finance minister noted that the banking sector is facing significant stress, with non-performing loans rising sharply and capital adequacy deteriorating in recent years.
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