Centre for Policy Dialogue, a civil society think tank, on Friday said implementation of the proposed budget for 2016-17 fiscal would face challenges as there is uncertainty over how the targeted revenue will be collected.‘Attaining the proposed fiscal framework for FY17 is going to be an uphill task if inability to mobilise the targeted domestic resources and spend the earmarked allocation, failure to use foreign aid in the pipeline and opting for non-concessional foreign loans continue,’ said CPD distinguished fellow Dr Debapriya Bhattacharya.In a reaction of the CPD to the proposed budget at a city hotel, he suggested that the government needs to strengthen its institutional capacity and bring in necessary policy reforms to implement the national budget for FY2016-17, reports a news agency.‘We’re agreed with goals and targets of the budget by and large. But, there’re problems in the structures of revenue collection and expenditure,’ Debapriya added.About the growth rate, he said, ‘We think the achievement of the targeted 7.2 percent growth of GDP is nothing impossible and which is essential also. But an additional Tk 80,000 crore private investment is needed to attain the target.’The growth of non-development expenditure is higher than development expenditure, which is a new feature of the budget, the CPD distinguished fellow said.Non-development expenditure has gone up massively mainly because of the salary hike of public servants, subsidy, big allocation for investment in the capital market and incentives for some export items, he explained.He observed that increased allocations for education, gender equity, social safety net are good signs for the budget. But the allocation in agricultural sector needs to be increased, while the reporting mechanism in defence budget should be transparent, he emphasised.The noted economist, however, said this year the budget was placed in a comfortable macroeconomic environment with robust GDP growth, low inflationary pressure, favourable balance of payment (BoP) and augmented foreign exchange reserve, declining interest rate, resilient growth of export earnings, manageable fiscal deficit and low level of global commodity prices.CPD executive director Prof Mustafizur Rahman, its director (Dialogue and Commission) Anisatul Fatema Yousuf, additional research director Khondaker Golam Moazzem and research fellow Towfiqul Islam Khan were, among others, present.