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Dhaka/

Planning Minister MA Mannan said, in the strange situation of war, we are a victim of political pressure. There are sanctions, there is uncertainty. But we are increasing social security in the budget.

The Planning Minister said these things at the discussion meeting of the Metropolitan Chamber of Commerce and Industries (MCCI) yesterday on the proposed budget for the financial year 2023-24.

He said, in this year’s budget, there was an announcement to withdraw from subsidy. It will be ahead. However, subsidies will be continued in some essential sectors including agriculture and food.

Besides, if the market system is kept uninterrupted, the price inflation will come under control, the planning minister said. However, he warned that if social stability is destroyed, it will have a worse effect than Corona and war.

The Minister of Planning advised not to buy products if you do not want to pay VAT to buy other products including daily necessities.

Adib H Khan, on behalf of MCCI, said that income tax needs to be discussed with more time. It is scheduled to be tabled in Parliament on June 4. And due to taxation on foreign loans, it will create additional pressure on borrowers.