The CPD termed the fiscal framework as “the weakest component” in the budget although most fiscal measures appeared to be positive.
CPD analyses also revealed that attainment of the National Board of Revenue (NBR) target would be a major implementation challengeas the budget’s implementation would take place during the tenure of three successive governments. In view of this, attaining the target of 7.2 per cent GDP growth would be highly unlikely.
Despite having a number of fiscal measures towards protecting domestic industries in the budget, CPD strongly opposed the provision for legalising black money through investing in land and real estate sector. The think-tank also drew attention to the challenges emanating from financing the Padma Bridge using budgetary allocation.
The press briefing was live cast on Channel I and widely attended by the Press.
[box Title=”Download” ]Download the Powerpoint[/box]