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DHAKA, Dec 2, 2024 (BSS) – The White Paper report has proposed the government to prioritise the implementation of all foreign-funded ADP projects.

“Special attention should be given to projects that are nearing completion (particularly those over 85% completed    by June 2025), as they can quickly contribute to economic stability, private investment and job creation,” it said.

Head of the committee and distinguished fellow of the Centre for Policy Dialogue (CPD) Dr Debapriya Bhattacharya revealed the findings of the report at a press conference held at the NEC Conference Room in the capital’s Sher-e-Bangla Nagar area today.

Concerned committee members were also present.
 
To address the challenges posed by declining foreign exchange reserves, the paper said it is essential that multilateral and bilateral concessional loans present a valuable opportunity for cost-effective financing.

However, the successful acquisition of these external funds will rely heavily on enhancing the design and implementation capacities of government agencies.

The report said the upcoming budget should kick off initiatives to tackle educational disparities and enhance quality healthcare infrastructure, particularly in rural communities.

Additionally, expanding access to Technical & Vocational Education and Training (TVET) that aligns more closely with market demand could greatly benefit the country’s workforce. The government should also prioritise renewable energy projects by providing fiscal incentives to lessen dependence on fossil fuels.

Furthermore, mobilising and allocating new funds for climate resilience programs will be crucial in addressing environmental vulnerabilities.

This balanced approach can pave the way for a more equitable and sustainable future for all.

Explore opportunities to mobilise and utilise funds from external sources for budget deficit financing.

The report also said national budget for FY2025-26 presents a valuable opportunity for the Interim Government to showcase its dedication to implementing short-term reforms while laying the groundwork for a robust medium-term agenda in public finance management.