Editorial

Block allocation released

A hindrance to national development
Arrangements are in place to spend the huge amount of public money set aside as 'block allocation' in the last budget. The ECNEC has given green signal to as many as eight projects and allotted Tk. 1,473 crore on a single day. Though the cash money has been allotted for spending on public welfare projects, no one can really ensure how much of it would go into implementation of worthwhile undertakings. At this point we recall what the finance minister of the country had said at a post-budget press conference concerning lump allocation. He had indicated that it would not be possible for the incumbent government to release a single penny from the allocation in the remaining four months of its tenure. Then referring to the accusation of the opposition regarding creating scope for 'looting' the money, the finance minister had further enlightened that rather it is the caretaker government that would get the opportu-nity of spending the money.

This exercise of allocating huge sums on a single day may be considered a precursor of what is coming in the days ahead. It is no wonder that people are always skeptical about such allocations in the budget and the ensuing spending spree towards the fag end of a gov-ernment. More often than not, major slices of the funds are kept aside for fulfilling narrow partisan interests. Not only is this antithetical to financial and budgetary discipline, it is also tantamount to flouting constitutional principles. The allocations in question are large amounts for a country like Bangladesh, where, ironi-cally, projects for meeting basic human needs cannot be implemented because of lack of funds. But, when it comes to making money available before an election, there are always the astronomical amounts that the rul-ing party stalwarts of the day can easily fall back on.

We can only hope that relevant regulatory bodies of the government would supervise the expenditures and ensure accountability of the people implementing the projects.