“This year’s budget is a recovery budget”

“At first, we need to save people and run everything so that nothing gets totally stopped. We need to understand that this years’ budget is a recovery budget. Government gave special importance on health and agriculture sector thinking on both the present condition and future sustainability”- said Planning Minister Mr. M. A. Mannan while he joined a Webinar as Chief Guest on Post-Budget Discussion Session on National Budget 2020-2021 on 15 July 2020 evening organized by The Institute of Cost and Management Accountants of Bangladesh (ICMAB).

Mr. Md. Mamunur Rashid FCMA, Vice-President of ICMAB moderated the entire program, connecting the audience and discussants in the first half of the program and actively coordinated the Q&A segment in the second half where he passed the questions raised by the participants of the webinar to the discussants and paper presenters.

Planning Minister thanked the discussants of the program for appreciating the budget as timely and significant according to the situation, and stated that this could be an effective budget if we can reduce misuse and unnecessary expenditures in various sectors. Mr. M. A. Mannan mentioned that, there was a time when the term ‘Digital Bangladesh’ didn’t sound believable that much, but that time is gone for good now! If different sectors work properly according to the situation, we’ll be able to achieve our expected developments.

Mr. A. K. M. Delwer Hussain FCMA, Past President and Chairman, Seminar & Conference Committee ICMAB thanked all the participants, discussants and audiences in his welcome speech. ICMAB Vice President Mr. Abu Bakar Siddiquee FCMA gave the vote of thanks.

ICMAB President Mr. Md. Jasim Uddin Akond FCMA said in his speech that the Present government works for the development of country and gives most priority for the betterment of our life. Though the COVID-19 situation endangered our entire nation and stopped almost everything from the natural flow, Mr. Akond is hopeful that our budget will achieve its target if we can maintain and utilize our limited resources properly. He stated some proposals to the planning minister in which he pitched to add CMA professionals in various audit and examining process. Planning minister appreciated these proposals cordially and invited the institute and its professionals to come up with their ideas, share and submit as proposals.

Prof. Dr. Swapan Kumar Bala FCMA, Professor, Department of Accounting Information Systems, University of Dhaka and Mr. Md. Abdus Satter Sarkar FCMA, FCA Partner, Mahfel Huq & Co. presented papers on National Budget 2020-2021 wherever they’ve analyzed this years’ budget from technical, informative and statistical point of view.

Dr. Atiur Rahman, Bangabandhu Chair Professor, University of Dhaka & Former Governor of Bangladesh Bank, Mr. Md. Mosharraf Hossain Bhuiyan ndc, Former Senior Secretary, IRD & Chairman, NBR, Mr. Ranjan Kumar Bhowmik FCMA, Member (Tax Survey & Inspection), National Board of Revenue (NBR), Mr. Asif Ibrahim, Chairman, Chittagong Stock Exchange Ltd. (CSE) and Dr. Khondaker Golam Moazzem, Research Director, Centre for Policy Dialogue (CPD) joined the Program as discussants.

Dr. Atiur Rahman praised the importance on agriculture in this years’ budget. He said that may be inflation will be increased a little bit, but according to the situation that’s bearable than getting stopped. Right this moment, saving peoples life and works are most important than any situation.

CSE Chairman Mr. Asif Ibrahim mentioned that the stimulus packages offered by the government needs to be utilized properly. Defining the budget as a good one, he also emphasized about human resource management, education and skill enhancement in various sectors. Meanwhile CPD Research Director Dr. Khondaker Golam Moazzem said that funding will be a big challenge this year, so almost every possible and probable sectors and resources should be properly used to face this challenges.

EVENT INFO :

  • Start Date:August 10, 2020
  • End Date:August 10, 2020
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