“We did not frame budget in line with IMF prescriptions”

Finance Minister AHM Mustafa Kamal said that the government has not framed the national budget based on the prescription of the International Monetary Fund (IMF).

The minister said this while replying to a question at a post-budget press conference at Bangabandhu International Conference Centre (BICC) in the capital on Friday (June 2).

He said that the IMF observes everything we do. Not only us but also, they observe all the countries associated with them. They check at balance sheets, revenue income, income statements, and trial balances of different countries — whether these are correct.

Mustafa Kamal also said, "The IMF has given an overall prescription. We will accept the portion of it that we need to accept. The rest we will implement on our own,"

In reply to another question, he said, the loan given to us by the IMF is equal to one month's remittance.

Commerce Minister Tipu Munshi, Agriculture Minister Dr Abdur Razzak, Industries Minister Nurul Majid Mahmud Humayun, Education Minister Dr Dipu Moni, Planning Minister MA Mannan and others attended the press conference.