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[media type="image" id="939097" layout="portrait" position="right" caption="1"][/media] Economists and businesspeople in general have labelled the proposed national budget for fiscal 2021-2022 a conventional one which is seemingly a continuation of last year's financial plan. Besides, the necessary allocations and strategy reforms needed to address the new challenges stemming
The national budget for 2021-22 is being proposed today all the while the country's economy faces some tough realities stemming from the pandemic's second wave. The hardships demand a bigger social safety net, policy support and incentives for many industries, improvements in health and education and so on, according to economists. Small businesses and people of a middle
The government s national budget implementation rate fell significantly in the last one decade mainly due to a lack of efficiency, accountability and capacity and a rise in corruption.
For fiscal 2019-20, the government passed a national budget of Tk 523,190 crore but at the end of the year actual implementation was Tk 415,523 crore.
That means Tk 107,667 crore has been left unimplemented.
Over the last 10 years, the budget implementation rate has mostly been on a downward curve, falling to 79.4 per cent in 2019-20 from 84.3 per cent in the previous year.
Just five years ago, the implementation rate was more than 80 per cent every year and the highest during the decade was 97 per cent in fiscal 2011.
India needs to focus on execution of pending projects to counter China
Mon, May 31 2021 15:33 IST |
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India needs to focus on execution of pending projects to counter China.(photo: India Narrative). Image Source: IANS News
New Delhi, May 31: Amid an increasingly belligerent China, which has set its focus on the South Asian region, India must ensure early or at least timely completion and implementation of all pending initiatives pertaining to economic, infrastructure and trade framework.
One of the biggest problems that India faces is the failure in real execution of proposed plans and framework in a timebound manner-whether international or domestic, two analysts India Narrative spoke to said on condition of anonymity.