At a time when the government has undertaken austerity measures to reduce public spending, it is going to purchase 261 Sport Utility Vehicles for deputy commissioners and Upazila Nirbahi Officers ahead of the national election.
Saved Tk 15,000cr against target of at least Tk 23,000cr last fiscal year
The government today approved the Tk 5,651 crore project for the 15.31-kilometre elevated road in the haor region of Kishoreganj although experts have been urging the authorities not to take up such a big project at this moment.
The prices of electricity, gas and diesel are set to increase one by one as the government pulls back the subsidies in keeping with the austerity measures.
The interest rate cap on loans, the frequent changes to the exchange rate regime and a relaxed attitude to enforcing austerity measures are the major challenges facing Bangladesh in restoring stability in the economy.
Strips of colourful lights adorn the lamp posts on the road divider of Kemal Ataturk Avenue in Dhaka’s Banani area, as seen on August 1, 2022.
Government must listen to experts to fix long-standing problems