Economic Reforms Lacking: Business Confidence Hits New Low, Warns Symposium Panel

• Business confidence low due to lack of government vision for economic reforms
• Concerns raised at symposium titled “White Paper and Thereafter: Economic Management, Reforms, and National Budget”
• Economist Debapriya criticizes government’s VAT hike and unclear spending structure
• Warning of reform fatigue and lack of transparency in development projects
• Businesses and economists express concerns over lack of clear economic vision and roadmap
• Speakers lament absence of economic reforms and criticize interim government for operating similarly to previous government
• Concerns raised about looming energy crisis, inflation, stagnant investment flows, LDC graduation hurdles, and uncertainty over budget spending and revenue collection
• Economist Debapriya criticizes interim government for failing to present clear economic manifesto and establish balanced economic framework
• Lack of clarity makes it difficult to evaluate country’s economic trajectory, with slowdown in economic growth in first quarter of fiscal year
• Warning about deteriorating energy crisis in coming months and lack of clear development agenda for achieving SDG implementation, LDC graduation, and reducing inequality.

Source: tbsnews.net

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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