Dhaka: Centre for Policy Dialogue (CPD) on Thursday expressed concern over the lack of equilibrium between the income and expenditure budget proposed for the fiscal 2015-2016.

In his immediate budget reaction, CPD fellow Debapriya Bhattacharya said the government has estimated the income budget to accommodate its ‘big expenditures’.

This is a serious concern against the backdrop of 50% reduction of the foreign aid, he noted.

However, CPD welcomes various moves in the proposed budget, including reducing the corporate tax, coordinating the corporate tax with the personal tax, increasing the ceiling of tax-free income to Tk 2.50 lakh from Tk 2.20 lakh.

He also thanked the government for keeping up with the gender budget.

Debapriya was speaking at a press conference at CPD office in the capital.

Meanwhile, the Federation of Chambers of Commerce and Industries (FBCCI) president Abdul Matlub Ahmed told reporters at FBCCI office that the proposed budget will promote private sector investment the expansion of the local industries.

Asked whether the government’s target to borrow heavily from the banks --- proposed as Tk 38,523 crore - will create any negative impact on the private sector investment, the FBCCI president replied the negative

There has been huge idle money in the banks and the business committee can apprehend a huge industrial boom in the country in the coming days, he said.