Dhaka, June 11 -- Local Government, Rural Development and Cooperatives Minister Mirza Fakhrul Islam Alamgir has termed the proposed budget for 2026-27 "creative and friendly for production, investment, and business friendly", saying he hoped the country's economy will "turn around soon".

Reacting to the proposed budget at his chamber in parliament on Thursday night, Fakhrul said: "This budget has been formulated after considering the welfare of all classes of people. It is a creative budget."

"This budget is basically production-friendly, investment-friendly, and business-friendly. We've never seen a budget like this before. The concessions and rebates that have been given have never been seen before."

Fakhrul, also the secretary gener...