Proposed Budget Implementation Is Challenging: GM Quader

Deputy leader of the Parliament Golam Mohammad Quader said today that the proposed implementation of the budget is likely to be difficult as the current COVID-19 pandemic has created an impact on the economy.

"The proposed budget for 2020-21 is daunting as the revenue target in the current budget has been set as compared to the previous budget without taking into account the fragile economic condition triggered by the COVID-19 pandemic," he said in the budget discussion conducted in Jatiya Sangsad, chaired by Dr Shirin Sharmin Chaudhury.

Participating in the budget discussion, the leader of the opposition claimed that the income in the proposed budget is insufficient and unpredictable, but that the spending has created a condition of imbalance.

"It is evident that wages and other incomes have certainly decreased, however, on the other side, spending in the health sector is massive due to the corona crisis, increasing deprivation, and large investment in agriculture will pose a problem in the way the budget is executed," he said.

Terming the budget as a huge deficit budget, the Jatiya Party Chairman said the proposed budget has a deficit of Taka 1,90,000 crore which is Taka 45,000 crore more than the budget placed last year.

On June 11, Finance Minister AHM Mustafa Kamal put the Taka 5.68,000 crore national budget for the 2020-21 fiscal year at the Jatiya Sangsad with the aim of achieving 8.2% of GDP growth by maintaining the momentum of the economy with all the economic activities required to counter the impact of the coronavirus pandemic.

Earlier, the lawmakers paid rich tributes to Father of the Nation Bangabandhu Sheikh Mujibur Rahman and recalled the people who had died in COVID-19 pandemic.

Source: BSS