Bangladesh’s 2025–26 Budget Faces Criticism Over Reduced Social Sector Allocations and Lack of Structural Reforms

Date:

The Bangladesh interim government’s proposed national budget for the fiscal year 2025–26, amounting to Tk 7.90 trillion, has sparked widespread criticism from economists, political parties, and civil society organizations. Critics argue that the budget lacks structural reforms and reduces allocations in key sectors such as education, health, and agriculture, raising concerns about its effectiveness in addressing the country’s pressing socio-economic challenges. 

📉 Decreased Allocations in Key Sectors

The Centre for Policy Dialogue (CPD) highlighted significant reductions in the Annual Development Programme (ADP) allocations for essential sectors: 
• Education: Reduced by Tk 2,971 crore 
• Health: Reduced by Tk 2,535 crore 
• Agriculture: Reduced by Tk 2,424 crore 

These cuts have raised concerns about the government’s commitment to social development and its ability to meet the needs of the population.

🏛️ Criticism from Political Parties and Civil Society

The Bangladesh Nationalist Party (BNP) labeled the budget as “unrealistic,” criticizing it for presenting “growth on paper” without tangible benefits for the populace. Transparency International Bangladesh (TIB) condemned the continuation of the black money whitening scheme, calling it unconstitutional and a betrayal of anti-corruption commitments.  

Additionally, anti-tobacco advocates criticized the government’s decision to keep cigarette prices and taxes unchanged, suggesting that this move could deprive the government of significant revenue and make cigarettes more accessible to young smokers. 

🧾 Government’s Defense

Finance Adviser Dr. Salehuddin Ahmed defended the budget, describing it as “realistic, implementable, and pragmatic,” aiming to stabilize the economy. He acknowledged that the budget is “somewhat conventional” and emphasized that dramatic reforms are not feasible overnight.  

The government has set a revenue income target of Tk 5.64 trillion, with a budget deficit of Tk 2.26 trillion, accounting for 3.6% of GDP. 

🧾 Conclusion

While the government portrays the 2025–26 budget as a step towards economic stabilization, critics argue that the lack of structural reforms and reduced allocations in critical social sectors undermine its potential to address the country’s socio-economic challenges effectively. The ongoing debates highlight the need for a more inclusive and reform-oriented fiscal approach to meet the aspirations of Bangladesh’s population.

পূর্ববর্তী নিবন্ধ
পরবর্তী নিবন্ধ

একটি উত্তর ত্যাগ

আপনার মন্তব্য লিখুন দয়া করে!
এখানে আপনার নাম লিখুন দয়া করে

Share post:

spot_imgspot_img

Popular

More like this
Related

Bitcoin Falls Nearly 2% as Renewed US-Iran Tensions Weigh on Crypto Market

Bitcoin fell nearly 2% to drop below $62,800 as intensifying geopolitical tensions between the United States and Iran dampened investor appetite for digital assets.

More Than 10,000 Die Across Europe as Extreme Heatwave Sweeps Continent

A deadly June heatwave claimed over 10,000 lives across Europe, primarily impacting those aged 65 and above, as Copernicus confirms record-shattering regional temperatures.

Trump Reimposes Naval Blockade on Iran, Seeks 20% Fee for Hormuz Protection

US President Donald Trump announced a naval blockade on Iran and a 20% security fee on transit cargo through the Strait of Hormuz, escalating tensions after recent military clashes.

Up to 1.6 Million Migrants Could Qualify for Faster UK Settlement After Policy Reversal

The UK is preparing to scrap a proposal extending the ILR wait to 10 years for post-Brexit migrants, keeping the 5-year permanent residency route for 1.6 million people.