Set strict financial limits and rein down inflation.
In an effort to rein in inflation, Prime Minister Sheikh Hasina gave the finance ministry instructions Wednesday to create a contractionary budget for the next fiscal year. PM Hasina mentioned that developed nations like the US and Japan raised their policy interest rates to combat inflation during a meeting at the Gono Bhaban with representatives from the finance ministry, Bangladesh Bank, and the National Board of Revenue (NBR). She suggested that Bangladesh take similar steps. As the administration prepared its next budget, she insisted that promises made in its election campaign be given first priority. She also ordered that the current austerity measures be maintained for various ministries and departments. In addition, the PM gave the NBR instructions to take a number of actions to boost revenue collection and to expand its tax net rather than placing undue strain on taxpayers. She voiced her displeasure with the import of things like fake flowers and criticized the import...