DE Online Report
Finance Minister Abul Hassan Mahmood Ali stated on Friday that it will take 6 months to control inflation in the country.
He said the government is implementing measures to reduce inflation, and it is expected to decrease by the end of the year as per the budget plans.
The finance minister said this while speaking at the post-budget press conference held at the Osmani Memorial Auditorium in the capital on Friday (June 7).
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He said that keeping in mind controlling inflation, the size of the national budget has been reduced.
In reply to a query, Ali said the inflation is limited to the 9 percent range due to the steps taken by the Awami League government.
“When Awami League came to power, inflation was around 9 percent in 2009 and it rose to 10 percent in 2010. But the government managed to bring the inflation under control within two years.
Inflation was in the range of 5-6 percent in the next decade,” said the minister during the press conference.
“We have taken all steps to control inflation, and are thinking about what more we can do to reign in inflation,” said the minister while adding that contractionary measures will continue for now.
With an eye towards battling inflation, Finance Minister unveiled the Tk7.97 lakh crore proposed national budget for the fiscal year 2024-25 on Thursday (6 June).
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He was joined at the press conference today by Minister of Local Government,
Rural Development and Cooperatives Md. Tazul Islam, Industry Minister Nurul
Majid Mahmud Humayun, Planning Minister Major General (retd)
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Major General Abdus Salam, Housing and Public Works Minister RAM Obaidul
Muktadir Chowdhury, Prime Minister’s Finance Advisor Mashiur Rahman,
Agriculture Minister Dr. Md Abdus Shahid, Education Minister Mohibul Hasan
Chowdhury Nowfel, Commerce Minister Ahasanul Islam Titu,
Finance State Minister Waseqa Ayesha Khan, Cabinet Secretary
Md. Mahbub Hossain, Bangladesh Bank Governor Abdur Rauf Talukder, and
National Board of Revenue (NBR) Chairman Abu Hena Md. Rahmatul Muneem.
All of them except Bangladesh Bank Governor Abdur Rouf Talukder spoke from the stage at some stage.
Talukder was reduced to a silent spectator as the journalists in attendance threatened to boycott the press conference if the governor was allowed to participate in the briefing.
