• Monday, Jan 20, 2020
  • Last Update : 06:11 pm

BNP rejects national budget; calls it election oriented

  • Published at 10:20 pm June 7th, 2018
bnp-flag-1528388418570.jpg
Flag of Bangladesh Nationalist Party (BNP)

Khandakar Mosharraf Hossain said the government does not have the financial ability to implement the proposed budget

BNP has rejected the proposed national budget for the 2018-19 fiscal year, describing it as an anti-people one.

Senior BNP leaders Khandakar Mosharraf Hossain and Barrister Moudud Ahmed came up with these reactions after Finance Minister AMA Muhith placed the Tk464,573 crore budget in parliament on Thursday.

Mosharraf said: "This budget is not in people's interest. The government has placed a loan-dependent budget which will increase the loan burden on people. 

“I think the budget will be of no use to the people. We are rejecting this budget."

Moudud said there is no directive about resolving the anarchy prevailing in the share market, banking and different social sectors. 

"This is an empty budget. There is a motive behind the placing such a big budget," he said.

Speaking at an iftar party arranged by 20-party alliance component Kalyan Party at Paltan, Mosharraf said a big budget was presented with huge deficit only to attract votes through “fraudulence.”

He added: "This is an election budget to attract votes. This budget is not in the people's interest."

The BNP leader also said the government does not have the financial ability to implement the proposed budget.

The budget is largely loan-dependent.  This will increase the burden on the people and badly affect internal investment, trade and commerce, he said.

He said it will not be possible to achieve the revenue target set in the proposed budget. 

About the reduction of corporate tax, Mosharraf said this will make the rich even richer while the poor will become poorer.

Addressing a program at the Jatiya Press Club, Moudud said: "There is nothing in it, it is empty. This is a traditional budget." 

He said the government placed such a “compromising” budget keeping the upcoming election in mind.

The BNP leader, however, said the government cannot attract people with this budget.