The new government's first full budget is expected to outline a clear roadmap for economic recovery, addressing high inflation, slow investment, revenue deficits, and banking sector challenges. Various stakeholders, including employees, businessmen, and youth, have expressed their expectations from the upcoming budget.
Farzana Hoq, Head of Integrated Risk Management Division at Citi Bank, emphasized the need for financial sector reforms, governance establishment, management of non-performing loans, and expansion of digital financial services. She also highlighted the importance of creating an environment that encourages private sector lending and new investments.
The budget is anticipated to focus on three key areas: controlling inflation, increasing employment and private investment, and modernizing the revenue system and expanding tax coverage.
