Budget to safeguard interest of high-income people: CPD

Sun Online Desk

14th June, 2019 01:35:55 printer

Budget to safeguard interest of high-income people: CPD

Centre for Policy Dialogue (CPD) on Friday claimed that the proposed national budget for for the fiscal year 2019-2020 will only safeguard the interest of high-income people.

CPD Distinguished Fellow Dr Debapriya Bhattacharya, made the remark while giving formal reaction to the proposed budget at a press conference in a hotel of the capital’s Gulshan area on Friday noon.  

Debapriya Bhattacharya said, “This is not a budget for the poor. The election of manifesto (of Awami League) was that the next budget would be for the poor but it’s not reflected in the national budget unveiled on Thursday.”

He claimed that the proposed budget will only serve the people who are beneficiary of economic misrule and it is a matter of our grave concern

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

“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.

Source: UNB