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CSOs term budget unjust, demand banking sector reform

06 June 2021

Business Desk :
The principle of redistributive justice has not been followed in formulating the proposed budget despite hardship faced by the commoners during the pandemic, a group of civil society organisations (CSOs) and networks said on Saturday.
Led by EquityBD, they criticised some budgetary measures and added that the budget documents have not properly outlined how the poor and lower middle income people could be saved and lives and livelihoods restored.
"This is a discriminatory approach in the present situation of unemployment," EquityBD's Ahsanul Karim said in a keynote presentation at their virtual press conference on the proposed budget for 2021-22, said a press release.
On behalf of the CSOs, he proposed that the government should announce innovative and generous schemes like exemption from VAT (value added tax) to remove pressure from lives and livelihoods of the poor and middle class people.
The networks also demanded that the government should take measures to stop capital flight and enhance revenue mobilisation for pro-people development.

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