The Centre for Policy Dialogue (CPD) on Sunday called for caution in reducing subsidies in the upcoming fiscal year's budget.
It recommended not reducing subsidy in the agricultural sector, especially to safeguard food security. The research institute however recommended cutting subsidies in energy and other sectors gradually.
CPD made the recommendations in the third interim review of Bangladesh’s economy for FY23, presented at a press conference in Dhaka.
According to the CPD, reforms should be carried out while keeping in mind the International Monetary Fund’s (IMF) requirements, as well as the national interest. CPD also recommended firm implementation of existing laws and policies to reduce loan defaults.
