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The proposed budget for the 2019-20 fiscal year has drawn mixed reactions from leaders of the Awami League-led 14-party Grand Alliance. Some alliance leaders say the proposed budget will not fulfil people’s expectations, while others have dubbed the budget as pro-people and implementable. - A home for your website

On Thursday, finance minister AHM Mustafa Kamal placed the Tk. 5,23,190-crore national budget for the 2019-20 financial year in Parliament.

Talking to this correspondent, Workers’ Party of Bangladesh president Rashed Khan Menon said there was no specific directive in the proposed budget to address the existing chaos in the country’s financial sector. “I think this budget won’t fulfil people’s expectations. Besides, the finance minister in his speech wasn’t very clear about how he will curb corruption,” he added. However, Jatiya Samajtantrik Dal (JSD) president Hasanul Haque Inu said the

proposed budget was pro-people and implementable. “It’ll keep the country’s financial sector stable,” he added.

Replying to a question, Inu said: “If the government can keep GDP growth rate over 8 per cent by taking loan from banks, where is the problem? I think the proposed budget is very much implementable. It will help the government implement its plan to take the country forward.”

Inu, who is also a former information minister, said there were no proper guidelines in the budget proposal to develop the rural economy.

Jatiya Samajtantrik Dal’s factional chief Sharif Nurul Ambia said the annual budget proposal was fine, but the government would have to take proper

measures to implement it. “Implementation of this budget is the major challenge for the government, as its past experience of budget execution was not good,” he added. Awami League leaders have dubbed the proposed budget for 2019-20 fiscal year as pro-people, pro-poor and realistic.

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