Dhaka, June 4 -- The proposed national budget "reflects" International Monetary Fund (IMF)-driven priorities that may come at the cost of domestic industry, the Bangladesh Chamber of Industries (BCI) has warned.

In a statement issued on Tuesday, the organisation said the budget leans heavily on corporate and personal income tax without offering a roadmap for expanding the tax base or fixing systemic inefficiencies in revenue collection.

"This budget is built around revenue collection," said BCI President Anwar-Ul-Alam Chowdhury Parvez.

"While tax collection remains weak due to structural flaws, we see no clear steps to broaden the tax net."

He added: "Reducing inflation, supporting businesses and creating jobs are named as priorities ...