Monday, May 20, 2019 | ePaper

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Budget fails to address inequality

It's been reported that the government has decided not to implement new taxes in the upcoming budget, keeping the upcoming election in mind. But the Centre for Policy Dialogue, a policy think tank, said in its budget reaction that the budget would continue to widen the wealth and income inequality in the country as it is the wealthiest that are likely to enjoy more benefits.
For example, it has reduced corporate tax on financial institutions, which will disproportionately benefit owners of banks. Experts believe the government has again succumbed to the demands of influential bank owners. This is an ominous sign for our economy.

Muhib Al Hasan
Kushtia

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