ZCZC
BSS-51
AMCHAM-BUDGET
AmCham for focusing on crisis management
DHAKA, June 6, 2021 (BSS) – The American Chamber of Commerce in Bangladesh (AmCham) today underscored the need for focusing on crisis management, prioritizing spending on health, education, enhancing social protection and building on the resilience demonstrated by the agriculture sector.
The chamber also expected immediate support for MSMEs, government infrastructure developments and air-ocean transport business that may face serious consequences days ahead to attract foreign direct investment (FDI).
AmCham made the observation at a virtual panel discussion titled “Budget and business outlook during 2021-22 : Strategic Priorities”.
Planning Minister MA Mannan attended the discussion as the chief guest.
President of AmCham Syed Ershad Ahmed moderated the panel discussion where Director of the Bangladesh Bank and former President of AmCham Aftab Ul Islam, Chairperson of the Unnayan Shamannay and former governor of the Bangladesh Bank Dr Atiur Rahman, Chairperson of the BRAC Bank and Executive Director of the PRI Dr Ahsan H Mansur participated as the designated panelists.
The program is powered by Coca-Cola (International Beverages Private Limited).
Speakers at the discussion informed that amidst the 2nd wave and global movement restriction caused by COVID-19 creating disruption in daily economic activities, forced the government to formulate the national budget for FY 2021-22 an exercise on saving lives while creating more avenues for livelihoods to cope with the fallout from the pandemic.
AmCham expected appropriate governance and efficiency so to ensure economic growth during this fiscal and 2041 vision of the Prime Minister in following years on key procedural matters in the proposed budget: ? Health system ? Food security and Agricultural ? Employment generation and Poverty ? Education ? NBR Reforms ? Contemporary Customs Law ? Corporate and Withholding tax ? e-Payment and e-TDS system ? Business Tax evasion ? Digital Payments incentives ? Effective supply chain ? Undisclosed wealth.
BSS/PR/KUC/FI/ 2025 hrs