DHAKA, May 25, 2023 (BSS) - The Bangladesh Economic Association (BEA) today 
placed a Taka 20,94,112 crore alternate budget for the next fiscal year 
(FY24) which is 3.09 times higher than the budget of the current fiscal year 
(FY23).

The BEA also termed this proposed budget as expansionary and pro-people.

BEA president Dr Abul Barkat placed this alternate budget at a press 
conference held at the office of BEA in the capital's Eskaton area today. BEA 
general secretary Dr Md Ainul Islam gave the introductory remarks.

Mentioning that the alternate budget has been proposed to gain six goals over 
the next 10 years, Dr Barkat said that these goals are alleviating 70 to 80 
percent of people into middle class, reducing disparity at the lowest level, 
distributing resources of the rich community among the poor and low-income 
group people, giving highest priority to the domestic economy in development, 
creating opportunity for making people science-minded and enlightened and 
thus creating employments for people.

The BEA president said that it is possible to realize Taka 2.12 lakh crore 
through imposing resource tax adding that resource tax should be imposed to 
reduce disparity.

Besides, he suggested that if the tax of country's 90 percent low-income 
group people is lowered, then more employments would be created while their 
income would increase.

Dr Barkat also opined that Taka 20.94 lakh crore budget is very much 
necessary considering the global economic recession, recovery from the COVID-
19 pandemic and the onslaught of the Russia-Ukraine war.

Leaders of the BEA were present on the occasion.