The Jatiya Samajtantrik Dal (Jasad) has criticized the proposed budget for the fiscal year 2026-27 as 'empty words and political gimmicks', stating that its size, revenue targets, and growth goals are unrealistic and difficult to achieve. In a statement issued to the media on Thursday, Jasad claimed that the budget's size of 9.38 trillion taka and the revenue target of 6.95 trillion taka are not feasible given the current political and economic crisis. The party also noted that the budget deficit of 2.43 trillion taka will be filled through foreign and domestic bank loans, making the economy more debt-dependent. Jasad believes that reducing the value-added tax (VAT) on mobile phone manufacturing and assembly, lowering taxes on certain technology products, and withdrawing the 300 taka tax on mobile SIMs are positive steps. However, the party called on the government to be more realistic and ensure political stability, rule of law, and good governance for the successful implementation of the budget.
Key Points of Jasad's Criticism
- Jasad views the proposed budget as 'empty words and political gimmicks'. - The party believes the budget's size, revenue targets, and growth goals are unrealistic. - Jasad notes that the current political and economic crisis has reduced investment and closed many industries. - The party is concerned that the budget deficit will be filled through loans, making the economy more debt-dependent. - Jasad sees some positive steps in the budget, such as reducing VAT on mobile phone manufacturing and assembly, lowering taxes on certain technology products, and withdrawing the 300 taka tax on mobile SIMs. - The party calls on the government to ensure political stability, rule of law, and good governance for the successful implementation of the budget.
