Saturday, June 22, 2024

AL introduces new budget to combat rising inflation

Awami League General Secretary Obaidul Quader Reacts to Proposed Budget for FY 2024-25

In a recent press conference, Awami League General Secretary and Road Transport and Bridges Minister Obaidul Quader shared his thoughts on the proposed budget for the fiscal year 2024-25. According to Quader, the main objective of this budget is to address the ongoing economic uncertainty and crisis, as well as to tackle high inflation.

Quader emphasized that the proposed budget is realistic and pro-people, especially in the midst of internal and global economic challenges. The goal of this budget is to gradually steer the country’s economy back towards dynamic growth, reminiscent of the pre-pandemic era.

As a representative of the Awami League, Quader welcomed the budget and highlighted its alignment with the party’s election manifesto of ‘Smart Bangladesh: Development is visible, employment will increase this time’. He credited the leadership of Prime Minister Sheikh Hasina for Bangladesh’s economic progress over the past decade and a half, positioning the country as a fast-growing economic power on the global stage.

Quader pointed out that Bangladesh has made significant strides in various social and economic indicators, leading to an improvement in the living standards of its citizens. He also noted the remarkable reduction in poverty rates under the AL government, attributing it to the continuous support of the people.

Furthermore, Quader mentioned the government’s efforts to curb the import of non-essential goods in response to the Ukraine war, which has helped maintain foreign exchange reserves at a stable level. This strategic move has enabled Bangladesh to meet international standards for foreign exchange reserves, even amidst the ongoing crisis.

Overall, Quader’s insights shed light on the government’s proactive approach to economic challenges and its commitment to fostering sustainable growth and development in Bangladesh. The proposed budget reflects a strategic vision aimed at navigating the country through turbulent times and towards a brighter future.

Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The content is based on general research and may not be accurate, reliable, or up-to-date. Before making any financial decisions, it is recommended to consult with a professional financial advisor or conduct thorough research to verify the accuracy of the information presented. The author and publisher disclaim any liability for any financial losses or damages incurred as a result of relying on the information provided in this article. Readers are encouraged to independently verify the facts and information before making any financial decisions.

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