FB   
 
Powered bysps
        Society for Policy Studies
 
 

 
Wasting tax-payer money
Posted:Apr 4, 2017
 
Print
Share
  
increase Font size decrease Font size
 
For things to change, corruption needs to be rooted out of the system so that public funds are no longer used to subsidise loss-making sectors
Recently, a senior official in the Bangladesh Jute Mills Corporation was convicted for having embezzled public funds worth almost Tk7.50 crore.
Though the justice system should be congratulated for putting such an individual behind bars, this speaks of a bigger problem within our government.
This is just one government official among many who have been leeching the hard-working citizens of this country dry.
Our government is plagued with too many corrupt individuals who have no intention of doing their jobs, let alone working for the public good.
Is it any surprise, then, that so many government-run organisations continue to make losses?
Is it any wonder that sectors such as state-owned banks and Biman, among others, urgently need to be privatised, as they continue to lay waste to public funds?
But, in the long run, more will need to be done.
It is regrettable that in a country such as ours, where there are people struggling to feed themselves, where we are forced to ask international organisations for loans to fight climate change and develop, so much of our public money finds itself in the pockets of corrupt men and women.
No longer can this be allowed to stand.
Our country is already burdened by excessive bureaucracy. But with Bangladesh being consistently ranked as one of the most corrupt nations in the world, it will be difficult to achieve all of our development goals in the foreseeable future.
For things to change, corruption needs to be rooted out of the system so that public funds are no longer used to subsidise loss-making sectors.
As we move forward, we need to ensure that public money is being spent efficiently and effectively.
 
Dhaka Tribune, April 05, 2017
 
 
 
 
Print
Share
  
increase Font size decrease Font size
 

Disclaimer: South Asia Monitor does not accept responsibility for the views or ideology expressed in any article, signed or unsigned, which appears on its site. What it does accept is responsibility for giving it a chance to appear and enter the public discourse.
Comments (Total Comments 0) Post Comments Post Comment
Review
 
 
 
 
spotlight image Since Prime Minister Sheikh Hasina assumed office again in Bangladesh in 2009, bilateral relations between New Delhi and Dhaka have been on a steady upward trajectory.
 
read-more
Desperate living conditions and waterborne diseases are threatening more than 320,000 Rohingya refugee children who have fled to southern Bangladesh since late August, including some 10,000 who crossed from Myanmar over the past few days, UNICEF said.
 
read-more
A unique and passionate gathering of acrophiles, or mountain lovers, took place in neat and picturesque Aizawl, the capital of Mizoram state in north-eastern India in September.
 
read-more
India’s foreign policy under Prime Minister Narendra Modi has attained a level of maturity which allows it to assert itself in an effective manner. This is aimed at protecting the country’s national interests in a sustained way.
 
read-more
With over 100 incidents of braid chopping reported in different parts of Kashmir, there is widespread fear and anger among the people.
 
read-more
According to the National Bureau of Statistics, China's GDP expanded 6.9 percent year on year in the first three quarters of 2017, an increase of 0.2 percent above that of the corresponding period of last year.
 
read-more
As political roller coasters go, there is none as steep and unpredictable as the one shared by the United States and Iran.
 
read-more
In West Asia, the end of one war paves the way for the next. Raqqa, the Syrian capital of the self-styled Islamic State (IS), has fallen to a coalition of rebels, the Syrian Democratic Forces that is backed by the United States.
 
read-more
On “Defining Our Relationship with India for the Next Century”
 
read-more
Column-image

Title: The People Next Door -The Curious History of India-Pakistan Relations; Author: T.C.A. Raghavan; Publisher: HarperCollins ; Pages: 361; Price: Rs 699

 
Column-image

Could the North Korean nuclear issue which is giving the world an anxious time due to presence of hotheads on each side, the invasion of Iraq and its toxic fallout, and above all, the arms race in the teeming but impoverished South Asian subcon...

 
Column-image

Title: A Bonsai Tree; Author: Narendra Luther; Publisher: Niyogi Books; Pages: 227 Many books have been written on India's partition but here is a firsthand account of the horror by a migrant from what is now Pakistan, who ...

 
Column-image

As talk of war and violence -- all that Mahatma Gandhi stood against -- gains prominence across the world, a Gandhian scholar has urged that the teachings of the apostle of non-violence be taken to the classroom.

 
Column-image

Interview with Hudson Institute’s Aparna Pande, whose book From Chanakya to Modi: Evolution of India’s Foreign Policy, was released on June 17.

 
Subscribe to our newsletter
Archive