The proposals of Budget 2020 have tried to achieve a fine balance between boosting the economy and maintaining the budget deficit. Coming at a time when the global economy is staring at a slowdown, the Finance Minister has set forward some ambitious targets, cushioned those at the bottom of the pyramid by expanding the social safety programmes and increased spends in healthcare to combat the pandemic.
The tax reliefs, economic stimulus packages for businesses and increased government spending is expected to boost demand and rebuild the economy. Efficient management of the allocated funds and optimum use of technology will go a long way in ensuring last mile delivery.
Mamun Rashid, is Managing Partner of PwC Bangladesh