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Finance Minister AHM Mustafa Kamal yesterday refused to accept data on the new poor released earlier through surveys conducted by private research organisations to measure the effects of the Covid-19 pandemic-induced income losses. "We need to know first who is on this list and how they collected the number of poor," he told journalists after a meeting of the cabinet committee
Kamal rejects new poor data by private research organisations
Finance Minister AHM Mustafa Kamal
Star Business Report
Star Business Report
Finance Minister AHM Mustafa Kamal today rejected to accept the data on new poor that came out earlier through surveys done by private research organisations to measure the effect of Covid-induced income loss.
Over the last one year, Brac Institute for Governance and Development and Power and Participation Research Centre, Centre for Policy Dialogue (CPD) and South Asian Network on Economic Modeling (SANEM) found in their surveys that poverty rates rose to 35 per cent to 43 per cent as many lost income opportunities in the wake of countrywide shutdown and resultant economic slowdown.
He set off to save lives and livelihoods, and along the way, AHM Mustafa Kamal, on his third budget as the finance minister and his second amid the global coronavirus pandemic, went astray. In the end, his proposed budget for fiscal 2021-22 came across as not of its time: in the throes of a public health crisis that is unravelling some of the progress made over the last 50
While generally the FY21-22 budget is business friendly, the same regrettably cannot be said about its provisions for the poor, particularly those who have been newly thrust below the poverty line due to reasons induced by the pandemic. It is deeply disappointing that the government, presenting the second budget of the pandemic, has not taken into account the economic effect