CA stresses self-reliance, quality education in budget formulation

Bangla Press Desk:  Chief Adviser Professor Muhammad Yunus on Thursday emphasised the need to formulate the budget in a self-reliant manner, with a focus on quality education, rural development, youth and women’s empowerment, local production, and health.

He made the remarks while reviewing the revised budget, set to come into effect on 1 February, during the weekly meeting of the Council of Advisers.

Professor Yunus chaired the meeting at his office in the capital’s Tejgaon area.

“Providing guidance on the revised budget, the Chief Adviser stressed the need to move away from unnecessary foreign borrowing and to undertake more projects through domestic financing to make Bangladesh more self-reliant," said Chief Adviser's Press Secretary Shafiqul Alam while briefing about the meeting at the Foreign Service Academy in the afternoon.

The Chief Adviser particularly emphasised education, especially the quality of education, the press secretary said, noting that while past years focused on expanding educational establishments, the quality of education has declined rapidly, particularly during the previous authoritarian period.

He said Prof Yunus underscored that improving education quality must now receive the highest priority.

The Chief Adviser also highlighted rural development, noting that farmers have produced a record amount of food grains this year and should benefit more from the budget to improve their livelihoods.

He also called for a stronger focus on youth, describing Bangladesh as a 'mine of youth' and stressed that budget priorities must reflect the needs of young people.

Prof Yunus further emphasised increasing budgetary focus on women empowerment, stating that women’s overall development is directly linked to national development.

In addition, he stressed the importance of boosting local production, including industrial goods, to achieve greater self-sufficiency, and highlighted the need for stronger emphasis on the health sector.

BP/SP