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Lawmakers, who are the people’s representatives, often fail to play any role in creating the budget in a constitutional manner. And so, only the finance minister’s decisions are reflected in the budget proposal, said speakers at an event yesterday.
The proposed budget for the next fiscal year does not properly address how the government will face challenges in inflation and the energy sector, according to the International Business Forum of Bangladesh (IBFB).
The regular taxpayers will feel discouraged if there remains an option to whiten money by paying only 7 per cent tax, said Humayun Rashid, president of IBFB.