Dhaka: Economists and academics on Wednesday emphasized that the success of the FY2026-27 national budget will depend on effective implementation, stronger institutions, and preparing the country’s workforce with advanced technological skills. The seminar, titled ‘A Post Analysis of National Budget-FY 2026-27 and Future Direction of Bangladesh Economy,’ was organized by the BUBT Economics Club at the university’s International Conference Hall.
According to United News of Bangladesh, speaking as the chief guest, National Professor Dr. Mahbub Ullah highlighted the need for Bangladesh to focus on strengthening domestic value addition instead of relying heavily on external financing after five decades of development. He discussed the importance of identifying investable capital to support economic growth and stressed that the country’s ready-made garment sector must enhance sustainability and adopt advanced technologies to remain globally competitive. Dr. Ullah stated, ‘The country must ensure that export earnings contribute to building domestic economic strength.’
Prof. Dr. Syed Masud Husain, Dean of the Faculty of Business and Economics at BUBT, underscored the necessity of post-budget analysis for evaluating policy priorities and guiding the country’s long-term development.
Prof. Dr. Muhammad Mahboob Ali of the Department of Economics, presenting the keynote paper, analyzed the FY2026-27 budget, emphasizing the importance of the effective implementation of the Annual Development Programme (ADP) and maintaining quality standards in development projects. He advocated for electricity distribution to remain under the existing public system but managed transparently and free from corruption. Prof. Ali also addressed current economic challenges such as inflationary pressure, revenue shortfalls, and sluggish private investment. He noted that the budget emphasizes human capital development and social protection.
In response to the evolving economic landscape, Prof. Ali proposed incorporating compulsory technology education across all university disciplines, including artificial intelligence, the Internet of Things (IoT), blockchain, and deep learning in undergraduate curricula, to equip graduates with skills needed in the post-Least Developed Country (LDC) graduation era.
The session, chaired by Prof. Dr. Md Mahmudul Hassan, Chairman of the Department of Economics at BUBT, highlighted the importance of academic discussions for informed policymaking and the country’s long-term economic development. Other speakers included Tareq Imam Zahid, Assistant Professor of Economics; Md Rakibul Islam, Assistant Professor of Economics; and Prof. Dr. Munshi Mahbubur Rahman, Dean of the Faculty of Sciences and Engineering.
Participants concurred that while the FY2026-27 budget presents a positive vision, its success will ultimately depend on efficient execution, stronger institutional capacity, and creating employment opportunities for the country’s growing youth population.