'The cost of building a road in New York is greater than in Bangladesh. The government will have to monitor whether this is due to high valuation of the project.
Debapriya Bhattacharya, Special Fellow of the Center for Policy Dialogue (CPD), a private research organization, spoke on this information during a discussion on independent review of Bangladesh's development at BRAC Center at Mohakhali in the capital on Sunday (June 3).
Debapriya Bhattacharya said, "We know how much money is spent in building a kilometer road in Bangladesh; Which is much more than New York. In Bangladesh, the bigger 3/4 mega projects are underway, analyzing its expenditure, but the same information will be available.
Talking about the development expenditure of the country, she said, "We are concerned about the cost of development, more than that, the quality of its quality - its quality related. It is now public that the long term implementation of the project, which is being implemented, is increasing its project cost, but it is also a big factor that projects are highly evaluated.
He said, 'One is going to increase prices by considering inflation in front of the rising prices. Another thing is, first of all, did you increase the expense of one rupee three? 'But in the example, he did not specify specific projects.
"The projects are needed for the country, but due to the over-valuation, the situation of foreign exchange is causing further problems," said Debapriya.
He said, 'One thing is that Bangladesh has been experiencing macroeconomic stability in recent decades, and in some areas it remains unchanged in some areas. As a result, we are seeing some worrisome trends in the coming days. "
"The second thing is that we have been in a kind of growth trend for the past. And this kind of prosperous growth can not play a role in the growth of income, employment and abolition of appropriate income in Bangladesh. The big reason behind this is - discussions about the extent of growth in terms of growth levels, as far as growth is concerned. That is, in this case we can not see the result. "
He said that both the issues are important for overall evaluation of the CPD, which will lead to the growth of the country's livelihoods, reduce the inequality of property and create decent employment.
CPD says, Bangladesh is far more problematic than the state's income-expenditure, but it is more difficult to deal with the state or our relationship with the outside world.
Debapriya said, "The state's income-expenditure is still much less than the comparable country. But there are budget deficits or financial deficit controls. Because it's below 5 percent.
The main danger of CPD's is that, "In the case of its funding, a large number of national savings certificates are being sold. This dependence on the national savings certificate interest has been this year, when foreign debt came more than last year. That is, in the case of funding, internal dependence, but it is not going to happen.
"But there are more concerns than the ones that are worried about the financial sector, with the foreign sector."
He said, 'Our overall business transaction deficit has increased lately. At the same time, there has been a decrease in foreign exchange transactions. Export, remittance and foreign aid increased, but still the deficit increased. Then the big reason is import. Remittance, exports increased by 17.44 percent, and 4.6 percent, in the case of import, 24 percent of the 5 percent increase. It's like going like a rooftop. '
"We have said earlier, if this import control is not monitored, then the economy that is not only in Bangladesh will be distorted. The transaction will be deficient. We firmly believe that money is being smuggled out of the country - through different types of false declarations through this import. This leads to the election before it's increased, "added the specially designed CPD.
He said, 'The concerns of our financial sector can be controlled. But the situation of foreign lanes has reached a very critical level. This will increase the value of the money. Some exporters may be temporarily happy. But by increasing import costs, inflation will further increase. As a result the pressure on the wage market will be created. The government will review the wages of garment sector in future. There will be more pressure on them. '
According to Debapriya Bhattacharya, "If the inflation continues to increase due to the decrease in the price of the money, the rate of interest will also increase." Because the actual interest rate depends on how much the country's inflation rate is. As a result, the foreign sector has entered into a kind of evil cycle. '
He said, "The issue of greater concern with the foreign sector - now that the necessary loan we are taking is probably under control now. It can not be said that it will be under similar control in the next 4 or 5 years. We have seen in many countries - the country has faced a kind of pressure when it comes to repaying the loans taken by them to make big infrastructure. Stability has been lost. '
He said, "There is concern about financial sector in our macro economy. But panic is about the situation of foreign transactions. '
As a reason, he said, 'Foreign aid increased during this time, then there was a rise in other, remittance increased, exports increased. But due to unregulated import, however. Simply put - The need for quick observation of the import flow. In the next budget, if the goods come in the zero price, through which the risk of trafficking will be high.
Debapriya Bhattacharya, Special Fellow of the Center for Policy Dialogue (CPD), a private research organization, spoke on this information during a discussion on independent review of Bangladesh's development at BRAC Center at Mohakhali in the capital on Sunday (June 3).
Debapriya Bhattacharya said, "We know how much money is spent in building a kilometer road in Bangladesh; Which is much more than New York. In Bangladesh, the bigger 3/4 mega projects are underway, analyzing its expenditure, but the same information will be available.
Talking about the development expenditure of the country, she said, "We are concerned about the cost of development, more than that, the quality of its quality - its quality related. It is now public that the long term implementation of the project, which is being implemented, is increasing its project cost, but it is also a big factor that projects are highly evaluated.
He said, 'One is going to increase prices by considering inflation in front of the rising prices. Another thing is, first of all, did you increase the expense of one rupee three? 'But in the example, he did not specify specific projects.
"The projects are needed for the country, but due to the over-valuation, the situation of foreign exchange is causing further problems," said Debapriya.
He said, 'One thing is that Bangladesh has been experiencing macroeconomic stability in recent decades, and in some areas it remains unchanged in some areas. As a result, we are seeing some worrisome trends in the coming days. "
"The second thing is that we have been in a kind of growth trend for the past. And this kind of prosperous growth can not play a role in the growth of income, employment and abolition of appropriate income in Bangladesh. The big reason behind this is - discussions about the extent of growth in terms of growth levels, as far as growth is concerned. That is, in this case we can not see the result. "
He said that both the issues are important for overall evaluation of the CPD, which will lead to the growth of the country's livelihoods, reduce the inequality of property and create decent employment.
CPD says, Bangladesh is far more problematic than the state's income-expenditure, but it is more difficult to deal with the state or our relationship with the outside world.
Debapriya said, "The state's income-expenditure is still much less than the comparable country. But there are budget deficits or financial deficit controls. Because it's below 5 percent.
The main danger of CPD's is that, "In the case of its funding, a large number of national savings certificates are being sold. This dependence on the national savings certificate interest has been this year, when foreign debt came more than last year. That is, in the case of funding, internal dependence, but it is not going to happen.
"But there are more concerns than the ones that are worried about the financial sector, with the foreign sector."
He said, 'Our overall business transaction deficit has increased lately. At the same time, there has been a decrease in foreign exchange transactions. Export, remittance and foreign aid increased, but still the deficit increased. Then the big reason is import. Remittance, exports increased by 17.44 percent, and 4.6 percent, in the case of import, 24 percent of the 5 percent increase. It's like going like a rooftop. '
"We have said earlier, if this import control is not monitored, then the economy that is not only in Bangladesh will be distorted. The transaction will be deficient. We firmly believe that money is being smuggled out of the country - through different types of false declarations through this import. This leads to the election before it's increased, "added the specially designed CPD.
According to Debapriya Bhattacharya, "If the inflation continues to increase due to the decrease in the price of the money, the rate of interest will also increase." Because the actual interest rate depends on how much the country's inflation rate is. As a result, the foreign sector has entered into a kind of evil cycle. '
He said, "The issue of greater concern with the foreign sector - now that the necessary loan we are taking is probably under control now. It can not be said that it will be under similar control in the next 4 or 5 years. We have seen in many countries - the country has faced a kind of pressure when it comes to repaying the loans taken by them to make big infrastructure. Stability has been lost. '
He said, "There is concern about financial sector in our macro economy. But panic is about the situation of foreign transactions. '
As a reason, he said, 'Foreign aid increased during this time, then there was a rise in other, remittance increased, exports increased. But due to unregulated import, however. Simply put - The need for quick observation of the import flow. In the next budget, if the goods come in the zero price, through which the risk of trafficking will be high.
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