Bangladesh is going through a period of economic slowdown and this weakening of the economy will be looming large for the entire period of 2023. The biggest problem for the common people now is inflation. It has increased the living cost and decreased the actual income.
What Bangladeshi economists have been saying for a long time is pretty much what the International Monetary Fund (IMF) has told our central bank and the government.
Playing the blame game is one of our oldest rituals. When a crisis strikes it's always easier to lay the blame on someone that appears, only on surface, to be the “bad guy” without admitting to more fundamental causes. Sanchayapatra is just that: the scapegoat of our growing economic and financial sector challenges.
Sanchayapatra is a national savings scheme of the government. The government collected more than Tk 750 billion during the 2016-17 fiscal year by selling Sanchayapatra. The government had an initial aim of
Sanchayapatra – a supposed welfare instrument – is actually a Trojan horse that threatens the future of our development budget, and thus reduces growth potentials for the nation. The higher the sale of NSCs, the higher the future interest liability which will definitely eat up a bigger pie of our budget, reducing the share of the Annual Development Programme (ADP).