Finance minister AMA Muhith agreed to resume the monthly payment order (MPO) for the secondary schools due to heavy pressure from the Chairmen of parliamentary standing committees of different ministries. The chairmen of parliamentary standing committees of different ministries raised their voices in favour of MPO to allocate fund in the up coming budget to fulfill the electoral commitment of the members of parliament (MP). They created pressure over the finance minister regarding MPO at a pre budget discussion at finance ministry on Sunday.
The government postponed MPO system for last two years as it failed to upgrade the secondary education system.
Muhith in his speech said the over all GDP growth will be less than the target of 7.2 % this fiscal. He predicted GDP to be 6.2 to 6.5 per cent this year.
Finance minister also pointed his finger at the strikes and blamed these for negative impact in the over all economy including the low flow of foreign direct investment (FDI).
“The foreign investors are being discouraged to invest in our country due to political turmoil,” he added.
About the use of foreign aid in Annual Development Programme (ADP) he said the number of projects is higher than any other fiscal as well as the over all performance of the government in public money expenditure is good.
However he admitted that there are failures in different fields in economy.
The finance minister also said that he would allocate huge budget in education, transport and railway sectors.
Muhith reiterated to introduce district budget in the up coming fiscal on pilot basis.
Among the MPs Shubid Ali Bhuiyan, Ishrafil Alam, Mojammel Huq and Md Abdul Wadud Dara raised their voices in favour of MPO and other members supported them in the pre budget discussion.
-With The Independent input
