Rizwanul Islam

A former special adviser for the employment sector at the International Labour Office in Geneva.

FY24 budget unrealistically ambitious and disappointing

The budget document has done a routine job of presenting estimates of earnings and proposals for expenditures. In doing so, it has been cast within the framework of politically determined targets of GDP growth, inflation rate, and budget deficit. The additional consideration of meeting the conditions of IMF loan has also come in, although not explicitly mentioned.

1y ago
June 1, 2023
June 1, 2023

FY24 budget unrealistically ambitious and disappointing

The budget document has done a routine job of presenting estimates of earnings and proposals for expenditures. In doing so, it has been cast within the framework of politically determined targets of GDP growth, inflation rate, and budget deficit. The additional consideration of meeting the conditions of IMF loan has also come in, although not explicitly mentioned.