HomePopular ContentStabilizing the Economy is the Budget's Primary Challenge: Finance Minister

Stabilizing the Economy is the Budget’s Primary Challenge: Finance Minister

Finance Minister Amir Khosru Mahmud Chowdhury has stated that stabilizing the country’s fragile economy and subsequently advancing it towards prosperity is the biggest challenge of the current budget.

He made this remark while speaking to journalists after a cabinet committee meeting on the provision of Family Cards, held on Monday (June 15) at the conference room of the Ministry of Finance.

The Finance Minister said that, considering the country’s economic situation, the government is taking measures to ensure that the livelihoods of low-income people are not negatively affected. Concurrently, the Family Card program is being launched with the aim of gradually enabling them to become self-reliant.

Read More:  Government to Try for Release of Detained Bangladeshis in Malaysia: Prime Minister

He informed that the government is giving special importance to the Family Card program to make social protection activities more effective and targeted for low-income communities. It is hoped that through this, beneficiaries will not only receive necessary assistance but also be able to improve their economic conditions.

Meanwhile, Social Welfare Minister Abu Zafor Md. Zahid Hossain announced that the concerned cabinet committee has finalized the draft of the Family Card Implementation Policy-2026.

Read More:  Prime Minister at International UN Peacekeepers' Day Event

He stated that to ensure transparency and accountability of the program, its activities will be evaluated every six months by a third party. This will ensure that genuine beneficiaries receive proper assistance and that there is no scope for any irregularities.

The Social Welfare Minister further added that no political individuals or parties will be involved in the implementation of the Family Card program. District Commissioners and other relevant government officials will manage the entire operation.

Read More:  Two Boats Capsize Off Myanmar Coast, Over 500 Feared Dead

The government hopes that this new initiative will further strengthen the social security system and play a significant role in improving the living standards of economically disadvantaged communities.

Facebook Comments Box

LATEST POSTS

Trump Media Moves Bitcoin as Holdings Fall to 4,261 BTC

Trump Media & Technology Group, the company behind Truth Social, has made another major move involving its Bitcoin holdings, extending a series of recent sales.The...

One public crypto firm just staked its way to breaking even, but a $50M paper loss and 66% dilution threat tell a darker story

Stablecoin Development Corporation, a public company built around holding and staking Sky Protocol's SKY governance token, reported that $2.2 million of second-quarter staking revenue roughly...

Most Popular