Bangladesh Budget 2019-20: Reality not reflected in budget, CPD says
07:51 PM, June 13, 2019 / LAST MODIFIED: 08:26 PM, June 13, 2019

Reality not reflected in budget, CPD says

Centre for Policy Dialogue (CPD) today said the national budget for the 2019-20 was not placed in light of the real situation on the ground.

“Our finance minister tried to make it appear realistic but the reality has not been reflected specifically,” CPD’s distinguished fellow Dr Debapriya Bhattacharya said in an impromptu reaction.

The expectation and ambition of people were stated in the budget, but a specific proposal to fulfill such ambition is absent in the budget speech, he said.

The country’s banking sector has experienced cancerous growth but there was no specific citation in the budget to overcome the situation, he said.

Formation of banking commission was stated in the proposed budget but when and how it be formed has not been cleared, he said.

The distinguished fellow of the independent thinktank said the national budget was not done in accordance with the election manifesto of the ruling Awami League.

“There were some specific pledges in the election manifesto of the ruling Awami League no reflection was sighted in the budget speech,” he said.

The government in its pledges said that it would create three core job opportunities by 2030 but there was no specific framework on whether it will be created in town or urban areas or in government or in private sectors were not mentioned in the budget speech, he said.

He said the CPD will come up with a formal reaction on the budget around 11:00am tomorrow.

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