Peoples Perspectives
UBINIG
Dreaming & Mumbling with Numbers
Finance Minister Abul Maal Abdul Muhith made a Power Point presentation of the National Budget for 2010-11 fiscal year in the parliament on June 10, to spend Tk 1,32,170 crore or US$ 19 billion, with a target of 6.7 % GDP growth as against 5.5 percent for the current year. The proposed Budget will have a deficit Tk. 39,323 crore or 5% of proposed GDP. The prevailing mainstream responses to the budget miserably reflect the poverty of thought on macro-economic policy and the role of such yearly financial tool to set a dynamic direction for the economy to recover from the assault of neo-liberal economic policies. Only substantive critique so far one could hear even from prestigious think tanks is that the budget is big and ambitious, but ...