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Budget implementation big challenge: CPD

The size of the budget, both development and revenue, is realistic considering the country’s population and economy, but implementation is a big challenge for the government, civil society think-tank Centre for Policy Dialogue said on Friday.
“We do not think it’s a big budget. How we can achieve 8 percent growth rate depends on our capacity to implement such a big budget,” Mustafizur Rahman, executive director of the CPD, said in a media briefing at Brac Centre Inn of the capital.
The economic growth that has been set at 6.7 percent for the next fiscal year from 5.5 percent for the outgoing year is also achievable, said Rahman.
The CPD’s observations came a day after Finance Minister AMA Muhith placed a Tk 1,32,170 crore budget for the fiscal 2010-11.
In its analysis the think-tank believes that adequate focus has been given on boosting investment and solving energy and infrastructure problems.
But if there is a lack in proper implementation, it may stoke inflation and hurt growth prospects, the research organisation warned.

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