Experts attend a virtual post-budget discussion organized by the American Chamber of Commerce in Bangladesh (AmCham) on Sunday, June 6, 2021
Also expects appropriate governance and efficiency to ensure economic growth during this fiscal
The American Chamber of Commerce in Bangladesh (AmCham) on Sunday said that the proposed budget for 2021-22 fiscal year was an exercise on saving lives while creating more avenues for livelihoods to cope with the fallout caused by the Covid-19 pandemic.
In a webinar titled “Budget and business outlook during 2021-22 : Strategic Priorities”, the association also said that against such a backdrop, they recommended focusing on crisis management, prioritizing spending on health, education, enhancing social protection and building on the resilience demonstrated by the agriculture sector, said a press release.
“We expect immediate support for micro, small and medium enterprises (MSMEs), government infrastructure developments, air-ocean transport business that may face serious consequences days ahead to attract foreign direct investment (FDI),” the release also said.
AmCham also expects appropriate governance and efficiency to ensure economic growth during this fiscal and the 2041 vision of the prime minister in following years on key procedural matters in the proposed budget.
Those matters include health, food security, agriculture, employment generation, poverty alleviation, education, NBR reforms, contemporary customs law, corporate tax, e-payment, e-TDS, business tax evasion, digital payment incentives, supply chain and undisclosed wealth.
The complexity of these challenges requires a multi-faceted policy response since the next phase of Covid-19 could be much more challenging, they feared.
Planning Minister MA Mannan was chief guest at the webinar.
Among others, Syed Ershad Ahmed, AmCham president, Aftab Ul Islam, former AmCham president, Atiur Rahman, chairperson, Unnayan Shamannay and former governor, Bangladesh Bank, and Ahsan H Mansur, chairperson of Brac Bank and executive director of Policy Research Institute (PRI), were also present.