BNP rejects budget, calls it polls-oriented

Published: June 08, 2018 10:16:38 | Updated: June 09, 2018 19:48:28


File photo shows senior BNP leader Khandakar Mosharraf Hossain

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

Two BNP senior leaders -- Khandakar Mosharraf Hossain and Barrister Moudud Ahmed -- came up with the reaction on Thursday after Finance Minister AMA Muhith placed Tk4.64573 trillion (464,573 crore) new budget in Parliament, reports UNB.

"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 come in no use of people. We're rejecting this budget," Mosharraf said.

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's 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'.

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

He also said the government has no financial ability to implement the proposed budget.

The BNP leader said the budget is largely loan-dependent which will increase the loan burden on people and badly affect the internal investment and trade and commerce.

He said it will not be possible to achieve the revenue target set in the proposed budget. "The revenue deficit will be fulfilled cutting people's pockets," he said.

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

He also said there is no directive about overcoming the turmoil prevailing in the financial sector.

Speaking at a separate programme at the National Press Club, Moudud described the budget as a balloon.

"There's nothing inside it, it's empty. This is a traditional budget," he said.

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 'election' budget.

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