Dhaka, Feb 25 (V7N) – The government is taking strict measures to ensure the availability of essential commodities such as rice, pulses, chickpeas, and sugar during Ramadan while preventing price hikes, said Dr. Salehuddin Ahmed, Advisor to the Interim Government’s Ministry of Finance.

Speaking at a meeting of the Advisory Council on Government Procurement at the Secretariat on Tuesday afternoon, Dr. Ahmed emphasized that any attempts at hoarding would be met with legal action through regulatory bodies, including the Consumer Rights Protection Department.

Inflation and Budget Considerations

Dr. Salehuddin Ahmed noted that while reducing inflation remains a government priority, implementing quick policies is challenging. He assured that inflation control strategies will be discussed before the upcoming national budget, set to be presented in June.

Key points from his statement:

  • Budget Planning: The interim government will hold discussions with stakeholders, business leaders, and economists before finalizing the budget. If a new government takes office, it can adjust the budget accordingly.
  • Taxation Focus: The upcoming budget will emphasize tax collection from evaders rather than putting additional pressure on regular taxpayers.
  • Inflation Target: While reducing inflation to 5% is challenging, bringing it down to 7-8% after Ramadan would be a positive outcome.

Concerns Over Business Environment and Security

Dr. Ahmed acknowledged that business confidence is affected by security concerns. He mentioned that this issue had been discussed with the Home Affairs Advisor, who assured that businesses will be protected from any undue threats or harassment.

Response to Trump’s Allegation on Foreign Funds

When asked about former U.S. President Donald Trump’s claim that $29 million was given to two individuals in Bangladesh, Dr. Ahmed stated:

"There may be some truth to it. If the money is used for the country’s welfare, it is beneficial. However, if it is used for personal interests, the government will investigate. The key concern is how and for what purpose the funds were utilized."

Government’s Commitment to Economic Stability

As Bangladesh approaches Ramadan and the national budget cycle, the government aims to balance market stability, inflation control, and business confidence, ensuring economic resilience in the coming months.

END/MSS/AJ