TBM Report
The Institute of Chartered Accountants of Bangladesh (ICAB) noted that while the proposed national budget for Fiscal Year 2026-27 strongly reflects the government’s commitment to economic stability, employment generation, and private sector expansion, achieving the ambitious BDT 6.95 trillion revenue target will heavily depend on synchronized institutional integration and immediate structural tax reforms. Speaking at a high-level post-budget media briefing titled “Reflections of Chartered Accountants on the Proposed National Budget 2026-2027” at the CA Bhaban on Saturday, ICAB leadership evaluated the macroeconomic framework of the BDT 9.38 trillion fiscal bill.
The institute’s evaluation highlighted that despite structural bottlenecks triggered by prolonged geopolitical flashpoints—including the Russia-Ukraine war, military escalation in the Middle East, international energy market volatility, and global supply chain disruptions—the government’s resolve to execute a BDT 3.16 trillion Annual Development Programme (ADP) is a progressive step toward sustainable industrial graduation. However, the chartered accountants expressed serious concerns regarding the BDT 2.43 trillion fiscal deficit management pipeline, specifically warning against the strategic blueprint to source BDT 1.12 trillion from internal banking channels to finance the deficit.
In his keynote analysis, ICAB President N K A Mobin FCA underscored that aggressive domestic bank borrowing by the public sector will inevitably trigger a “crowding-out effect,” severely constricting liquid credit accessibility for commercial enterprises and stalling private capital formation. “To cultivate a robust investment climate and systematically scale up the country’s tax-to-GDP ratio, the National Board of Revenue (NBR) must fast-track the technological modernization of fiscal administration and guarantee institutional transparency,” the President stated. He praised the successful implementation of the Document Verification System (DVS), a joint NBR-ICAB digital initiative that has emerged as a critical tool in checking corporate tax evasion and validating audited financial statements.
The ICAB President also extended appreciation to the Ministry of Finance for integrating several key institutional proposals regarding the Income Tax Act 2023, the VAT & Supplementary Duty Act 2012, and the Customs Act 2023 into the proposed budget bill, which is expected to enhance the ease of doing business across manufacturing corridors. Moderated by M B M Lutful Hadi FCA, Chairman of the Taxation and Corporate Laws Committee, and concluded by Vice President Md. Moniruzzaman FCA, the economic forum reaffirmed that the country’s chartered accounting fraternity remains a foundational strategic partner in bolstering foreign direct investment (FDI) and restoring investor confidence in Bangladesh’s financial ecosystem.
 noted that while the proposed national budget for Fiscal Year 2026-27 strongly reflects the government’s commitment to economic stability, employment generation, and private sector expansion, achieving the ambitious BDT 6.95 trillion revenue target will heavily depend on synchronized institutional integration and immediate structural tax reforms. Speaking at a high-level post-budget media briefing titled "Reflections of Chartered Accountants on the Proposed National Budget 2026-2027" at the CA Bhaban on Saturday, ICAB leadership evaluated the macroeconomic framework of the BDT 9.38 trillion fiscal bill.){kind=link}