Hard to implement budget: Akbar Ali

Dhaka,  Wed,  20 September 2017
Published : 17 Jun 2017, 19:35:57

Hard to implement budget: Akbar Ali

The implementation of budget in Bangladesh hits snags due to lack of participation of stakeholders in its making, says former bureaucrat Akbar Ali Khan.

Khan, who served as a finance adviser to caretaker government, says that even finance ministry officials are not consulted on formulating the budget proposals, let alone ministers or lawmakers.

His was speaking at a discussion on the new budget, organised by research organisation Centre for Policy Dialogue (CPD) at Dhaka's Lakeshore Hotel.

The discussion styled 'CPD Budget Dialogue 2017' was also joined by Planning Minister AHM Mustafa Kamal, State Minister for Finance MA Mannan and former commerce minister Amir Khosru Mahmud Chowdhury.

 On June 1, Finance Minister AMA Muhith unveiled a Tk 4 trillion budget for fiscal year 2017-2018 in parliament, which he claimed to be the 'best' among the 11 he had proposed.

"The MP and ministers have no roles in formulating the budget, not even the parliamentary standing committees," said Khan, who retired as the cabinet secretary.

A new tax proposal is not even discussed at the finance ministry, said the former finance secretary.

"The finance minister prepares the budget according to the prime minister's instruction. Since there's no participation of lawmakers it's tough to implement it," according to bdnews24.com.

Editor : A.H.M Moazzem Hossain
Published by the Editor for International Publications Limited from Tropicana Tower (4th floor), 45, Topkhana Road, GPO Box : 2526 Dhaka- 1000 and printed by him from City Publishing House Ltd., 1 RK Mission Road, Dhaka-1000.
Telephone : PABX : 9553550 (Hunting), 9513814, 7172017 and 7172012 Fax : 880-2-9567049
Email : editor@thefinancialexpress-bd.com, fexpress68@gmail.com
Copyright © 2017. All rights reserved
Powered by : orangebdlogo