AL sets budget for vested groups: Ganasanghati Andolan

Staff Correspondent | Published: 00:41, Jun 10,2018 | Updated: 00:45, Jun 10,2018

 
 

Ganasanghati Andolan holds a news conference in its office in Dhaka on Saturday to give its reaction on the proposed budget. — New Age photo

Ganasanghati Andolan leaders said on Saturday that the proposed budget for the fiscal year 2018-19, if passed, would allow corruption in development projects, intensify liquidity crisis in the financial institutions and push the poor people into economic hardship.
They expressed their concern in a news conference at the party’s central office at Hatirpool in Dhaka to present a review on the budget placed in parliament of Thursday.
The party’s chief coordinator Zonayed Saki said if the government earnestly wanted to go for a neutral election, it would try to protect the people from the economic hardship and never tried to impose more taxes on the people.
Giving reaction to the finance minister’s Friday’s comment on poverty, Saki said the growth of GDP did not explain the poor per capita income of the lower income groups who were being pushed into economic hardship every day.
Reading out the budget review, the acting executive coordinator of the party, Abul Hasan Rubel, said the government’s dependency on domestic financing sources to cover up budget deficits would create liquidity crisis in banks as well as discourage private investment and employment.
He said low income groups comprising 21 per cent of the population would receive less than 10 per cent of the proposed budget.
He warned that fixed income groups would suffer from growing inflation and devaluation of taka due to the government economic policy.
Taslima Akhter, Firoz Ahmed, Zulhasnain Babu, Bacchu Bhuiyan, Abdullah Nadvi and Zannatul Moreom, among others, were present.

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