Monthly Bangladesh Economic Update, June 2017
The Unnayan Onneshan (UO), an independent multidisciplinary think-tank, states that the proposed budgetary measures for FY 2017-18 fall short in addressing high prices, sluggish growth in real sector, rising joblessness, dwindling social sector spending, and institutional weaknesses.
The budget speech seems to lack providing prudent and farsighted solutions to the current challenges except it earmarks an ambitious target of expenditure amidst inefficient distribution of resources and cost overrun, says the organization in its rapid assessment of the proposed national budget for the FY 2017-18.
“The Finance Minister concedes “still have many miles to cover,” and stops “by woods on a snowy evening” (the title of the poem that he quotes is “Stopping by Woods on a Snowy Evening”). He could have taken “the one less traveled by” and that could have “made all the difference” (the last two lines of Robert Frost’ another poem, “The Road Not Taken”) – says the think tank to metaphorically refer to the context of the proposed budget.