Budget has no impact in the market, public concerns about prices
Raw market. Photo: Barta24.com
The National Parliament passed the budget for the new financial year (2024-25) on Sunday (June 30). The budget changed the duty rates on some goods and services to reduce inflation. There was supposed to be a change in the prices of these things after the budget was passed. But on the first day of the implementation of the budget, there was no effect of reducing the prices of those products.
Especially in this year's budget, the prices of those products, including rice, edible oil, sugar, milk powder, chocolate, etc., on which the duty has been withdrawn, have not yet been affected. The sale is going on at the previous price.
According to traders, there will be no impact on prices until new products are introduced in the market. And the common people say that if the price of the product decreases in the budget, it takes time to implement it, if the price increases, the traders implement it the next day.
Going to the market physically, it can be seen that the prices of all kinds of daily products in the market of the capital are still rising. The lower and middle class have no comfort in this high-priced market. Fish-meat, vegetables are not available to common people.
Anik Debnath works in a private bank. He has come to the Karwan bazar to do the weekly market. He told Barta24.com that if the price of goods increases in this country, it does not decrease. Government people don't come to the market anymore, how will they see the condition of the market. After the budget was passed yesterday, I wonder if my salary will increase. It will not increase.
The prices of daily necessities are skyrocketing. Especially the prices of potatoes, onions and eggs are high. Meanwhile, the price of vegetables has also increased depending on the quality. Potatoes are being sold at Tk. 60 per kg in this market. The price of onion has exceeded Tk. 100. Local onion is selling at Tk. 95 to Tk. 110 and Indian onion is selling at the same price.
Papaya is being sold at Tk. 50, Borbati is being sold at Tk. 100, Carrot is at Tk. 120 and Cucumber is being sold at Tk. 80. Apart from that, saffron is being sold at Tk. 50, gourd is selling at Tk. 60 per kg, brinjal is being sold at Tk. 60 to Tk. 80 depending on the quality.
Nazirshail rice Tk. 75 to Tk. 80 per kg, BR-28 Tk. 55 to Tk. 57. Paijamas are being sold at Tk. 54 to Tk. 56, miniket rice at Tk. 68 to Tk. 70. Coarse rice is being sold at Tk. 48 per kg. Milk powder is being sold at the previous price.
Iqbal Hossain, a grocery shopkeeper in Karwan Bazar, told Barta24.com that the budget will reduce the price of food products. If reduces is as much a relief to the buyer as it is to the seller. But so far the companies have not given new products. Then I will understand how much the price has decreased.
Vegetable seller Nuruzzaman told Barta24.com that the market is the same as before. Although the budget was passed on Sunday, there is no impact on today's market.
Shafiqul Islam, a private employee, lost his temper because the price of daily commodities was not reduced in the budget. He told Barta24.com that not only the prices of daily commodities have increased in the market. Everything from house rent to water and electricity bills has gone up. Only our salary did not increase.
Shafiqul complains that the prices are increased for the sake of the world market, but when the prices in other countries of the world are reduced, the prices of things that have increased once do not decrease in our country.
When asked whether the budget had any effect on the vegetable market, the seller Abdul Mannan said that there was no effect on the vegetable market after the budget was passed. If something is imported then the price goes down. The price of vegetables fluctuates daily because it is a raw material.
Parliament passed a budget of Tk. 7 lakh 97 thousand crore yesterday. This year's revenue target has been fixed at Tk. 5 lakh 41 thousand crores. And the deficit has been estimated at Tk. 2 lakh 56 thousand crores. The government has set a target of bringing down inflation to 6.5 percent in the budget of the fiscal year 2024-25 due to the increase in daily commodities. Finance Minister said that some special steps have been taken for this.
