Budgetary Measures for Economic Growth and Sustainability

Abstract

Thus government could increase personal sources of earnings through its existing mechanism. We must remember that, personal growth will lead us towards a self-sufficient burden free society. Then institutional/organizational growth will lead us toward out of poverty and sustainability of development. Finally, by ensuring the above two condition we could have economic growth and it will lead us towards job creation and safeguarding the society. Sustainable Development Goals (SDGs) could be the best guideline to select projects and shifting from existing generalized budgetary system into a specialized one. At the same time harmonization of existing taxation system and justification of the duty structure on CKD, SKD, and finished products is required to harvest a pro-growth environment in the Bangladesh.

Keywords: Economic Growth, Budgetary measures, Budget for Economic Growth, Pro-growth budget, Sustainable Development

JEL Classification: O47