Economists warn of risky new fiscal

Staff Correspondent    | Published: 00:40, Mar 15,2017

 
 

Economists at a pre-budget discussion on Tuesday warned that the coming fiscal would be risky because of the plummeting private investment and falling remittance.  
They demanded that the government check the capital flight to increase private investment, said officials attending the meeting.
They also suggested reforms in the banking sector which, they said, was suffering badly due to series of loan scams.    
Finance minister AMA Muhith told reporters after the meeting that economists raised question about capital flight to second home in Malaysia and Singapore.        
He said suggestion was also given to check abuse in social spending.
There were 95 types
of social expenditures
with many of them
allegedly overlapping, he said.
Among others former finance secretary M Syeduzzaman, Mohammad Tareq, Professor MM Akash, Professor Jamilur Reza Chowdhury, Ahsan H Mansur and Mustafizur Rahman attended the pre-budget discussion.

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