In its third and final reading on the current, or outgoing fiscal (2022-23), the Centre for Policy Dialogue (CPD) presented a grim picture this week, just days before the budget for 2023-24 was set to be placed in parliament. The economy-focused think tank revealed its own calculation that revenue shortfall would be approximately Tk 75,000 crore in the current fiscal, causing the budget deficit to widen.
Although budgetary allocation for social safety net programmes has increased over the past 13 years, the share of compatible programmes has declined significantly.
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Bangladesh’s economy is in its worst state in recent history, and the situation may worsen if the policymakers do not address the problems by employing the appropriate policy tools, the Centre for Policy Dialogue (CPD) said yesterday.