POST TIME: 18 June, 2019 00:00 00 AM
No liquidity crisis in banks: PM
UNB, Sangsad Bhaban

No liquidity crisis in banks: PM

Prime Minister Sheikh Hasina yesterday told Parliament that there is no liquidity crisis in the banking sector insisting that certainly there is money in banks. "It's said there's no money in the banks. Why don't they (the banks) have money? Of course, the money is there. But, there is no money to be looted," she said.

The prime minister said this while winding up her speech on the supplementary budget for 2018-19 fiscal year in absence of Finance Minister AHM Mustafa Kamal. Pointing at the critics of the proposed budget for 2019-20 fiscal year, Sheikh Hasina questioned how Bangladesh could accomplish so much development in the last 10 years had the budgets not been the good ones. "Some people say we couldn't implement

the (previous) budgets. We can place budget, but can’t implement it. If so, how have we been able to increase the budget size from Tk 61,000 to over Tk 5 lakh crore today?” she said.

Sheikh Hasina said the government targets ambitious revenue collection and expenditures to some extent considering the development and GDP growth targets.

“So, we target a little bit high amount during projection. There’s also necessity for fixing an ambitious revenue collection target to some extent,” she said.

Hasina said Bangladesh has success stories for making impossible things possible in the last one decade of journey towards progress and prosperity. “It was not possible to attain the achievements unless we had ambition,” she added.

About the supplementary budget, the Prime Minister said, “Our budget needs to be corrected, reviewed or fine-tuned to some extent because of the reality, which we do every year. It happens in the budgets of all countries.”

Some 7.8 percent GDP growth was estimated in the budget for 2018-19 fiscal year), but 8.13 percent GDP growth has been estimated in the supplementary budget, she said.

It was estimated in the budget that the inflation rate would be 5.6 percent. But 5.5 percent inflation has been estimated in the supplementary budget, she said adding that the government has been able to keep the inflation under control with cautious measures.

Nuclear power project graft accused was a JCD man: PM  

The premier also said that the man involved in alleged irregularities in purchasing pillows and other household appliances for Rooppur Nuclear Power Plant’s housing project once belonged to BNP’s student wing Jatiyatabadi Chhatra Dal (JCD).

“We’ve some information about him. He had been involved with Chhatra Dal at Buet,” she said while responding to some cut-motions in the supplementary budget for 2018-19 fiscal year in Parliament on behalf of Housing and Public Works Minister SM Rezaul Karim.

Sheikh Hasina said the accused official was the vice-president of Buet unit of JCD.

She said the accused man was removed once the matter came to government’s notice. “We’re taking actions whenever we get information. We’re taking punitive actions irrespective of one’s party affiliation.”

Masudur Rahman, project director of the Green City Housing project of Rooppur Nuclear Power Plant and executive engineer of Pabna office of Public Works Department (PWD), was withdrawn following the allegations of irregularities.

The Prime Minister said BNP was formed through illegal means and some people are still there in the party who are corrupt. “Corruption is there in their origin.”

Responding to a question from a reserved seat MP about allotting plot for each MP in every Parliament, she said she did not take any plot from the government although she is MP for seven times now. “My party gave me a bulletproof car and for that I could manage to survive the August 21 grenade attack. This is not right to take plot every time,” she said.

Hasina said the government does not come to power to indulge in corruption. “There were several attempts to portray me as a corrupt element.The BNP-Jamaat alliance lodged a dozen of cases against me but failed to prove a single one. The World Bank also raised corruption allegations against me but failed to prove those,”she added.

She put emphasis on taking steps against corrupt government officials.”It’s hard to dismiss any government official after entering the job. However, the Anti-Corruption Commission is now working independently,”she said.

The Prime Minister said the country is advancing socioeconomically as there is good governance.