Proposed budget not compatible with AL's election manifesto

Published: 14 Jun 2019   

Special Correspondent

Distinguished fellow of the Centre for Policy Dialogue (CPD) Dr Debapriya Bhattacharya on Friday said the election manifesto of ruling Awami League is not compatible with the proposed national budget for the fiscal year 2019-20. 

"The election manifesto (of Awami League) was that the next budget will be for the poor but it’s not reflected in the national budget unveiled on Thursday,” he said.

“This is not a budget for the poor. The proposed national budget for FY 2019-20 will only benefit the high-income people," he said.

Debapriya came up with the remarks while giving formal reaction to the national budget at a hotel in the city’s Gulshan area.

“The progressive middle-class people are the driving force of the economy, but in the proposed budget, they didn’t get that much importance,” he said.

“If an independent commission is formed, it’ll ensure transparency in the banking sector, but a vested quarter doesn’t support it and the proposed budget goes in favour of the evil force,” he added.

On Thursday, Finance Minister AHM Mustafa Kamal placed a Tk 5,23,190 crore largest-ever budget for the 2019-20 fiscal.

With UNB inputs 
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