Despite this, the government will also be looking to follow a policy of gradually reducing the range and scope of its subsidies as a logical step, says State Minister for Planning Md Shahiduzzaman Sarker. Asked about taking the unpopular step at a time of rampant inflation, the state minister spoke about the capacity building of the Awami League government. The state minister’s comments give a brief glimpse into the government’s thinking on subsidies ahead of the budget for the coming fiscal year. But, under the circumstances, the state minister did not see anything bad about borrowing millions from abroad to fund development programmes in the country. Of the Tk 2.65 trillion allocated to the Annual Development Plan (ADP) in the upcoming budget, Tk 1 trillion, or 37.74 percent, will be coming from foreign sources.

Source: bd News24 May 25, 2024 04:51 UTC