Main challenge is to contain inflation: PM

BSS || Shining BD

Published: 6/8/2024 4:18:14 AM

Prime Minister and Awami League (AL) President Sheikh Hasina said taming inflation is a big challenge for the government.

"The big challenge for us is that how we will control the inflation. We have to contain it," she said while giving an introductory speech in a meeting of the AL Advisory Council at her official Ganabhaban residence here this evening.

The prime minister said the inflation was 12.3 percent when her party assumed power in 2009 and the reserve was less than one billion US dollar.

She continued that they had been able to take the country's economy to a big position after facing the challenge.

At that time in 2009, the size of the budget was only TK 68000 crore and now the AL government had placed the budget of Taka 7.97 lakh crore, she said.

"We have to implement the budget," she added.

The premier said the world economy has now been facing economic recession and high inflation due to Russia-Ukraine war, sanctions and counter sanctions, genocide in Gaza and Covid-19 pandemic.

"Bangladesh also could not be saved from its (impacts)," she said.

Despite the facts, the prime minister said Bangladesh has been able to maintain the growth to make easy Bangladesh's graduation as a developing nation.

Bangladesh has given its budget despite the global situation, she said.

"The budget is not so big. But we have formulated the budget to make sure the country's continued journey towards development," she added.

Special focus was given on essential commodities, health and education in the budget as the inflation doesn’t have impact on these, the premier said.

Sheikh Hasina said her government has given family cards for the limited income people and is providing food assistances for the poor people.

The prime minister said several allowances are being given for the poor and helpless people under the social safety net programme.

The AL chief said her government’s biggest asset is to achieve confidence and trust of the people for which they were voted to power time and again confronting all the conspiracies and plot at home and abroad.

"There was a conspiracy to thwart the election (12th parliamentary polls). The opposition parties knew that the election would not be held, so they boycotted it. We could also realize that a conspiracy was there as well after the election," she said.

The premier said they had taken risk after opening the election.

This time, AL got 223 seats singly and also secured 233 seats alone in the 2008 national election while the BNP alliance got 30 seats, she said.

"Anybody or even the opposition parties could not raise any question about its credibility," she said.

The BNP boycotted election in fear of defeat as they have no leaders to run the party accordingly while their top leaders have been accused of money laundering, corruption, August 21,2004 grenade attack case and 10-truck arms haul case, she added.

Shining BD