Criticism of Budgets of Bangladesh

After the immediate declaration of budget of Bangladesh Government, it is usually noticed that the economists of Bangladesh come forward with their comments on published budget.

The followings are the usual points which are commented by the economists:

i.    Measures have been taken to maintain the rate of taxes at reasonable and flexible.

ii.   Tax collection procedure has been easier.

iii.  Attention has been given to protect the interest of the local industries in the case of indirect taxes.

iv.  Protection in the small industries has been given in such a way that will have survived our local industries. As a result, this will help to increase the establishment of backward linkage industries.

v.  Everyone appreciates the policy which gives the financial allowances for the old aged people, destitute, widows and divorced women.

vi. VAT policy, which is followed by the budget, is another new dimension to collect government revenue.

vii.  Increased allocation for the education sector and agriculture sectors is considered as a positive step for the developing country like Bangladesh.

viii. National budget addresses the stipend for female education, female illiteracy rate and results.

ix.     Tax exemption from the new materials of the industrial goods will be helpful for boosting exports.

x.  General consumers will be benefitted as a result of the exemption from all kinds of food grains and fertilizers for the boost up of agriculture sectors.

xi.     National budget also address the capital market and try to apply necessary steps to make it strengthen and as a result investment is encouraged for the potential investors.

xii.   The agriculture productivity will increase for providing subsidiary to the tune one TK 100 -300 crore in this sector.

xiii.  The growth rate of the budget is seemed to be ambitious, and set at 7%. But it will be challenging to attain.

xiv.   The previous budget were very big and we think that were not realistic.