Businessmen, the people not to benefit from new budget
Dr. Salehuddin Ahmed, Former Governor, Bangladesh Bank : will benefit from this; especially since this is an election year.
There has been no provision in the budget for increasing the tax net. Given our current regulatory bodies and institutions, as well as the state of the security exchange and banks, it doesn’t seem at all possible that this budget is implementable. The Annual Development Program (ADP) law and financial progress are analyzed, but the quality is ignored. Thus, it is difficult to estimate how much of the budget can be implemented. Yet, the government has said the budget will be implemented, but there is a ‘motivated factor’ in play here – political influence might release money with the quality remaining unchanged.
Based on an interview by Ashiq Rahman, translated by Abrar Hussain