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BANGLADESH NEWS
DHAKA: Opposition BNP claimed that the proposed budget for fiscal year 2012-13 would not work for human development and agriculture.
The main opposition party came up with the observation in its budget reaction at a press conference on ‘Proposed Budget 2012-13: BNP’s Reaction’ held at Chairperson’s Gulshan Office in the city Monday.
After 18 days of placing the budget in the parliament, the opposition leaders claimed, in their reactions, that the challenges of the proposed budget could not be faced without political stability.
Quoting Consumer Association of Bangladesh (CAB), standing committee member of the party MK Anwar said, “The proposed budget was placed without thinking of mass people’s interest rather it will limit the credit flow and increase inflation.”
The senior leader of the party also claimed that it would be difficult to implement the budget without political stability.
He also claimed that the size of annual development programme would be shrunk due to the pressure of non development cost on asset for political pressure.
The BNP leader told the journalists that the administrative efficiency and competency are needed to implement the proposed budget. “But, the incumbent government has destroyed mostly through politicizing every department,” the newsmen were told.
Through the proposed budget, Finance Minister AMA Muhith has given tax burden and assurance of price hike of essentials, he alleged.
BNP standing committee member Dr Abdul Moyeen Khan, advisor to opposition leader Dr Osman Faruk and Sabih Uddin Ahmed were among others present at the press meet.
On June 7, Finance Minister AMA Muhith placed a Tk 191,738 crore budget for the 2012-13 financial year targeting a higher GDP growth of 7.2 percent.
The total outlay for the revenue and development budgets has been fixed at Tk 191,738 crore while revenue target at Tk 1,39,670 crore, leaving a deficit of Tk 52,068 crore.
A total of Tk 116,824 crore is expected to come from tax revenue and Tk 22,846 crore from non-tax revenues.
To meet the deficit, the finance minister expects foreign loan of Tk 20,398 crore, grants of Tk 6,044 crore, banking sector Tk 23,000 crore, out of bank sector Tk 10,484 crore and from savings paper Tk 7,400 crore.
The main opposition party came up with the observation in its budget reaction at a press conference on ‘Proposed Budget 2012-13: BNP’s Reaction’ held at Chairperson’s Gulshan Office in the city Monday.
After 18 days of placing the budget in the parliament, the opposition leaders claimed, in their reactions, that the challenges of the proposed budget could not be faced without political stability.
Quoting Consumer Association of Bangladesh (CAB), standing committee member of the party MK Anwar said, “The proposed budget was placed without thinking of mass people’s interest rather it will limit the credit flow and increase inflation.”
The senior leader of the party also claimed that it would be difficult to implement the budget without political stability.
He also claimed that the size of annual development programme would be shrunk due to the pressure of non development cost on asset for political pressure.
The BNP leader told the journalists that the administrative efficiency and competency are needed to implement the proposed budget. “But, the incumbent government has destroyed mostly through politicizing every department,” the newsmen were told.
Through the proposed budget, Finance Minister AMA Muhith has given tax burden and assurance of price hike of essentials, he alleged.
BNP standing committee member Dr Abdul Moyeen Khan, advisor to opposition leader Dr Osman Faruk and Sabih Uddin Ahmed were among others present at the press meet.
On June 7, Finance Minister AMA Muhith placed a Tk 191,738 crore budget for the 2012-13 financial year targeting a higher GDP growth of 7.2 percent.
The total outlay for the revenue and development budgets has been fixed at Tk 191,738 crore while revenue target at Tk 1,39,670 crore, leaving a deficit of Tk 52,068 crore.
A total of Tk 116,824 crore is expected to come from tax revenue and Tk 22,846 crore from non-tax revenues.
To meet the deficit, the finance minister expects foreign loan of Tk 20,398 crore, grants of Tk 6,044 crore, banking sector Tk 23,000 crore, out of bank sector Tk 10,484 crore and from savings paper Tk 7,400 crore.
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