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Economists propose reducing debt reliance by cutting needless spending to ease pressure on the crisis-hit economy and weak banks

Despite their willingness to brave the unprecedented temperatures, many day-labourers are still not finding jobs as most employers have put their projects on hold since they are not getting the optimal output from day labourers.

Forhad Hossain has been looking for a permanent job since earning his master’s in management degree from Abdullah Al Mahmud Degree College in Sirajganj in 2019.

The government’s promise to create jobs for a massive number of people in the current fiscal year has not translated into reality as most of the initiatives aimed at generating employment have not been implemented.

The proposed budget for 2023-24 is unrealistic and unattainable as the challenges that caused the economic growth to decelerate, foreign exchange reserves to dip and inflation to surge in the past one year still persist, said economists and think-tanks.