The opinion of anti-governmental politicians about present economical crisis in Bangladesh

 Money laundering, corruption, looting, inflation is increasing.

To pull the reins, spending should be cut in non-essential sectors.

Opposition politicians believe that inflation is increasing due to money laundering, corruption and looting. Talking to Yugantar, they said that the price of oil and food products has fallen in the world market between Russia and Ukraine war.

But because of this war, the prices of various things are being increased in Bangladesh one after another. Recently, fuel oil prices have been raised to record highs. Human suffering will become more limitless. Inflation will increase further. Leaders of the opposition political parties suggested reducing the expenditure of various unnecessary sectors of the government including stopping corruption and looting to curb inflation.

 

Member of the BNP standing committee. Miner Mosharraf Hossain said that the price of goods is uncontrolled. Common people are disoriented by the pressure of inflation. The government has recently increased the price of fuel oil. It affects everything. When the price of fuel oil decreased in the international market, the price was increased in Bangladesh.

He said that the government has been saying different kinds of words at different times to cover up corruption, looting and failure. Because of their looting economy, prices of goods are increasing. Nowhere in the world has the situation been so bad as in Bangladesh. Money laundering, looting, bank looting, reserve looting - if not, the country will return to normal. Inflation is bound to come down.

Jatiya Party Secretary General Mujibul Haque Chunnu MP said that the government is increasing the expenditure day by day in the name of development projects. The project is not completed on time. Rather, the term is increasing. Along with this, the cost is also increasing. Added to this is money laundering, unlimited corruption and looting.

Corruption along with spending on underdeveloped sectors is destroying our economy. And to deal with these, the government has increased the price of oil on various pretexts. Earlier, the price of gas, water and electricity has increased. He said, people's income is not increasing. But the cost is increasing. There is no control over house rent, commodity prices. Because of this people's life is becoming miserable.

People's Rights Council convener and prominent economist Dr. Reza Kibria said the government is increasing the price of gas, oil and electricity due to corruption and inefficiency. Oil prices have started to fall abroad. But it has no effect in Bangladesh. As the price of oil increases, the price of everything increases. And the figures given by the government about inflation are false. Inflation between 10 and 15 percent according to me. If the monitoring policy is not fixed, the rate of inflation will not decrease.

He said that the cost is actually 30 to 40 percent of what is being shown. So if the theft is reduced, a lot of work can be done with less money. The tax on the rich is not effective, it should be made effective. The government should increase its income. Our country is now behind all countries. We collect only 10 percent of GDP from taxes. It should increase a lot. Company tax should be increased. Apart from this, the amount of theft should also be reduced. There are steps that can be taken to reduce the impact of excess demand and prices.

Saiful Haque, general secretary of Revolutionary Workers Party, said that the monetary policy of Bangladesh Bank needs to be properly monitored when it should be contracted and expanded. The value of money is rapidly decreasing. It is a dire situation. First, a decision needs to be taken by taking an overall review, starting from the monetary policy of the government. Second, the government's import cost figures are misleading. The talk of a Russia-Ukraine war over energy is ridiculous. Meanwhile, the price of fuel oil is decreasing in the international market due to various reasons.

He said that BPC has made a profit of 42 thousand crores in the last eight years. 18 to 20 thousand crores went to the government treasury. And now they are arguing in favor of fuel price hike as they have given Rs 8000 crore subsidy in the last eight months. With the money they gained, they now had the opportunity to subsidize the situation without raising prices. Now the increase in fuel prices has affected all sectors.

Every family is affected in some way. Prices are inflated where there is no rational reason. As a result, the impact of the government's actions is not being taken seriously. Although in this case the government needs to think with a cool head. The import of luxury goods should be reduced for the next six months or a year. Government expenditure should be reduced. Apart from this there are many other such fields. Doing so can keep the economy stronger.

Edited by MD Zahirul Haque,  AINews Correspondent, USA