Commenting on there being nothing new in the proposed budget, Salehuddin Ahmed said, “The budget has been presented in challenging times. But I don't see anything new in it. The figures from the previous budget have just been shuffled around. It is being said that the budget is contractionary, but if you look at the budget deficit, it will not look contractionary.”
Salehuddin Ahmed said that dependence on bank loans to meet the budget deficit has increased and this will have a negative impact on the private sector.
He further said, “If the government takes more loans then how will the private sector get loans? And if the private sector does not get loans then how will employment be generated?”
He believes that the small and medium enterprises (SME) sector will also be affected by the proposed budget.