Rejaul Karim Byron

The government officials, pensioners, and MPO-listed teachers and staff are set to get a new pay scale from July 1 after the committee led by Cabinet Secretary Nasimul Ghani recommended the rollout of the revised pay scale.

The government has created a five-year plan that aims to turn Bangladesh into a trillion-dollar economy by 2034 and create 1 crore jobs by 2030, driven by an upsurge in investment.

The government is planning to form a capital market reform commission to bring transparency and restore investor confidence, according to officials at the Ministry of Finance.

Eight projects have been identified for repurposing, and officials expect funds by June once respective ministries complete technical procedures and send proposals to the WB

The government’s ambition to build a trillion-dollar economy by 2034 will remain out of reach without urgent reforms in banking, taxation, and business costs, as the country’s current economic structure is too weak to sustain the level of growth required, a leading economist said.

Climate budgeting in Bangladesh must become more knowledge-based and technically stronger to help the country access global climate financing more effectively, said Sharmind Neelormi, professor in the Department of Economics at Jahangirnagar University.

Bangladesh’s next national budget should focus on strengthening economic resilience rather than increasing spending, said Zahid Hussain, former lead economist at the World Bank’s Dhaka office.

Ahead of the fiscal year 2026-27 (FY27) national budget, the government faces mounting fiscal pressure amid high inflation and low investment at a time when the global geopolitical situation remains volatile, said Prof Mustafizur Rahman, distinguished fellow at the Centre for Policy Dialogue (CPD).