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HomeEconomyBudget 2022-23: Bet on poor, future

Budget 2022-23: Bet on poor, future

What is the purpose of the national budget? In essence, it is to allocate scarce resources.

Deal with it wisely and not only would it bear fruit in the immediate future but also ensure more resources to spend for the future and more wealth to enjoy for all.

More than halfway into his tenure as the finance minister, AHM Mustafa Kamal has flattered to deceive in his handling of the budget.

But today, as he unveils his fourth budget in the backdrop of a cost of living crisis and looming LDC graduation, he has the floor to demonstrate that he has acquired a firm reading on the economy and knows precisely what to serve — for now and for the future. 

So, what should be on the menu?

For starters, there has to be a life raft for the millions of people struggling to keep their heads above water.

As many as 2.1 million have plunged into poverty for the runaway inflation since…

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