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Mirza Aziz rules out fiscal mismanagement: Budget to bring relief to people
Staff Reporter
Finance Adviser Dr Mirza Azizul Islam yesterday ruled out the possibility of fiscal miss-management while covering a huge deficit to implement the expansionary budget to the tune of Tk 1 trillion.
He was not even ready to recognize the deficit estimated at Tk 30580 crore, or almost 30.80 per cent of the budget as huge one as the ratio is only 5 per cent of the country's gross domestic product (GDP).
The Finance Adviser was addressing a press conference at the NEC conference room arranged by his ministry to respond criticisms of various quarters over the proposed 2008-09 fiscal's budget aired on Monday.  |
Massive victory for India
Sabbir Hossain
A marvellous bowling by Praveen Kumar with a good support of Piyush Chawla powered India to register a formidable 140-run victory over Pakistan in their ODI clash of the Tri-Nation Kitply Cup at the Mirpur Sher-e-Bangla National Stadium on Tuesday.
Praveen Kumar cut a brilliant figure as 9-1-53-4 while Piyush Chowla finished as 8.4-0-40-4.
Chasing India’s mammoth total of 330 for the loss of eight wickets in the stipulated 50 overs, Pakistan were shot out for 190 off 35.4 overs.
Shoaib Malik, the skipper of Pakistan team, was the only notable scorer for Pakistan who hit 53 off 67 balls amid three fours and a six. |
News Analysis: Hasina’s predicament far from over Hasanuzzaman Khan
In a dramatic haste within a day the Awami League leader Sheikh Hasina was exempted from personal appearance in the special courts where she was facing corruption charges. The whole exercise was undertaken ostensibly to allow the Awami League leader to go abroad for medical treatment.
The court is learnt to have said, she does not have to appear in the court herself clearing the way for her departure to freedom from detention on corruption charges. The whole issue of medical treatment of the detained top political leader thus has been termed to have been reduced to something of a farce. |
Budget financing remains cloudy: Unnayan Onneshan Staff Reporter
The budget for 2008-09 keeps up with the continuity of liberalisation, privatisation and deregulation of successive governments, says Unnayan Onneshan, an NGO in a rapid assessment of the budget.
The Finance Adviser has announced yet another budget, which is misleadingly seen to be gigantic in figures, announcing some cushions to respite the mass consumers from the repulsions of inflation. How this extra budgetary support would alleviate the consumers who have been contorted by the price spiral that is one question. But how the budget would be financed remains ambiguous. |
CPD’s post-budget reaction: Stability, transition to elected govt must
Staff Reporter
The national budget for the fiscal 2008-09 is populist and expansionary from the revenue expenditure point of view, said Centre for Policy Dialogue (CPD) in its post budget reaction yesterday.
It also said that political stability, smooth transition of power to an elected democratic Government and high efficiency of state machinery are important for the implementation of the budget.
"We welcome the present budget and it is not ambitious one in comparison with the last fiscal," Prof Mustafizur Rahman, Executive Director of CPD said at a press briefing at BRAC Inn in the city. |
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Internet Edition. June 11, 2008, Updated: Bangladesh Time 12:00 AM 
