BNP rejects proposed budget

11 Jun,2017

Dhaka, BdChronicle:

Ten days after Finance Minister AMA Muhith placed the proposed Tk 4,00,226 crore budget for the fiscal year 2017-18, Bangladesh Nationalist Party (BNP) has formally rejected it, saying the government had placed a “highly ambitious budget for plundering”.

“It’s a budget of looting which has created scopes for ruling Awami League leaders and activists to steal public money,” BNP Secretary General Mirza Fakhrul Islam Alamgir alleged at a press briefing Sunday at party chief Khaleda Zia’s Gulshan office.

The senior BNP leader also criticised the government for “imposing additional VAT (Value Added Tax) burden on the countrymen and using this money for non-development activities”.

“Ruling party has been using the national budget as a tool of politics. That’s why it has been coming up with highly ambitious and impractical budgets one after the other,” the BNP secretary general alleged further.“The government is yet to implement 55-60% of the last budget, so what is the ground for placing such a big budget?” he threw the question to the government.

The BNP leader also claimed that there was no indication in the proposed budget how the government had planned to eradicate the unemployment problem.

He also said investment would not be boosted in the country due to the budget.

“The budget was placed only to ensure interest of the ruling party looters. The poor people of the country will not be benefited by the budget,” he added.

The party strongly criticises the hike of essential commodities including rice.

The leader said the AL government lost to control over price of essential commodities in local market. “Rice price is hiked by 4.6% within a month.”

He also said: “The GDP growth rate is also questionable. Bangladesh Bureau of Statistics (BBS) shows the GDP in Bangladesh expanded 7.24% in 2016-7 from the previous year. But the World Bank show is 6.8%.”

Finance Minister AMA Muhith has proposed Tk 4,00,226 crore budget with a view to increasing the volume and coverage of the government’s social safety net programmes in the 2017-18 fiscal year to improve the living standards of the poor.

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