WHAT WE WANT IN FISCAL BUDGET
More allocation for rural economy is a must: Qazi Kholiquzzaman
The national budget for the fiscal 2019-20 must have increased allocation for rural economy to rein in rapidly growing rich-poor gap in the country.
Noted economist Dr Qazi Kholiquazzaman while speaking on "What We Want In Fiscal Budget," also told The Daily Observer that the ongoing city based development activities should be quickly expanded to the countryside.
He said the upcoming budget should have clearly earmarked district budget to inject money in the rural economy. Entrepreneurs should be encouraged and given enough incentives to set up village based industries or relocate existing ones to rural areas.
It will give jobs to people, cut back rural poverty and also benefit entrepreneurs from low cost labour. But it needs better roads and rural communication network that needs to be further improved. It also needs uninterrupted supply of electricity and creation of urban facilities at local level so that people can slowly stop crowding in the cities.
Dr Qazi Kholiquzzaman Ahmad, Chairman of Palli Karma Shahayak Foundation (PKSF) said involvement of grassroots people in the development process needs to be increased and the budget may deploy many ways to secure it.
Although the government is doing it for long, the process should be further strengthened as the income inequality in the society is growing fast. He said budget is the most effective way of securing participation of the grassroots people to make development sustainable.
He said agriculture and social services should have greater allocations to sustain rural growth. It can bring boost to rural economy. The Bangladesh Bank has taken various steps to reach money to those who were so far inaccessible. The budget can use resources more effectively to achieve these objectives.
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