DHAKA, June 20, 2022 (BSS) – Lawmakers today opined that inflation might be challenging for the proposed budget as after pandemic the global economy  is now facing crisis due  to Russia-Ukraine war.

Taking part in the general discussion on the proposed budget for 2022-23 fiscal in the Jatiya Sangsad, the lawmakers described the proposed budget as pro-people, saying higher inflation rate due to global war will create a big challenge for the proposed budget.

Finance Minister AHM Mustafa Kamal on June 9 in the Jatiya Sangsad unveiled a Taka 6,78,064 crore national budget for 2022-23 fiscal setting the GDP growth target at 7.5 percent amid the economic fallout due to the novel corona virus pandemic coupled with ongoing Ukraine-Russia war.

“The developing country like Bangladesh would have to spend 8.2 percent more in import nine essential commodities like gas, oil from the world market and it will increase import inflation,” said Kazi Nabil Ahmed of Jashore-3.  

Citing high inflation throughout the world due to corona and Russia-Ukraine war, he said now the global inflation rate stands at 50 percent while it is 8.3pc in USA, 9.9pc in United Kingdom, 8.3pc in Spain, 69.97pc in Turkey,17pc in Russia, 7.79pc in India and 13pc in Pakistan while it is only  6.59pc in Bangladesh.

Criticizing BNP-Jammat, Social Welfare Minister Nuruzzaman said Bangladesh now becomes a role model in development, but the BNP is denying total development.

The huge inflation rate may be brought under control through huge employment, said Pankaj Nath of Barishal-4. So, the proposed budget is time befitting to check the inflation, he added.

Participating in proposed budget discussion, Jatiya Party lawmaker Rana Mohammad Sohel of Nilphamari-3 said the government should be more conscious in budget preparation  as it is very much concerning that still country’s foreign credit is 13 percent of the GDP.

Treasury bench members, AFM Ruhul Huq ofSatkhira-3,Narayan Chandra Chanda of Khulna-5, Ebadul  Karim of Brahmanbaria-5, Begum Munira Sultana of Women reserve seat-26, Kazi Keramat Ali of Rajbari-1, Zillul Hakim of Rajbari-2, Muhibur Rahman Manik of Sunamganj-5, Begum Habiba Rahman Khan of Women seat-17,Hosne Ara of Women Seat-16, Adiba Anjum Mita of Women seat-37,Begum Salma Chowdhury ofWomen seat-34, Tahzeeb Alam Siddiqui of Jenaidah-2, Gloria Jharna Sarker of Women seat-30, Kazi Monirul Islam of Dhaka-5, Abdul Aziz of Sirajganj-3,Basanti Chakma of Women seat-9, Khan Ahmed Shuvo  of Tangail-7, Aslam Hossain Sowdhagar of Kurigram-1, Rumana Ali of Women seat-14,  Abul Hashem Khan of Cumilla-5, Jatiya Party lawmaker Masududdin Chowdhury of Feni-3 and Bikalpa Dhara lawmaker Abdul Mannan of Lakshmipur-4, took part in the discussion.

Earlier, they paid their glowing tribute to the memory of Father of the Nation Bangabandhu Sheikh Mujibur Rahman, four national leaders, martyred freedom fighters and also those who made their utmost sacrifices during the War of Liberation and all subsequent democratic movements in the country.