FBCCI has urged the government to meet the budget deficit from foreign sources and special local bonds instead of taking loans from domestic banks.
It has also advocated for whitening untaxed money for investment in the private sector.
Seeking the facilities for a limited time, it has said allowing this for an indefinite period will discourage genuine taxpayers.
In a post-budget press conference at its Motijheel office on Saturday, the apex trade body, however, expressed its happiness over the budget proposals in general and extended thanks to the government for formulating such a business-and-investment-friendly budget.
Speaking at the programme, FBCCI President Md Jashim Uddin said the proposed budget has a deficit of around Tk 2.14 lakh crore, which is 6.2 per cent of the GDP.
Of the total amount, the government will arrange Tk 1.13 lakh crore from internal sources — Tk 76,000 crore from the bank system and Tk 32,000 crore from savings certificates.
On this point, FBCCI president urged the government to meet the budget deficit from foreign sources and special local bonds instead of taking loans from local banks.
About the hike in advance income tax (AIT) in the proposed budget, he once again demanded removing the existing AIT for the interest of businesses.