Will the allocation to the labor sector increase in this year’s budget

Will the allocation to the labor sector increase in this year’s budget

Workers are the largest population in Bangladesh by profession. They are also the driving force of the country’s economy.

Considering the latest labor survey data (2016-17) and the fact that 15 to 20 lakh new faces are added to the labor market every year, it can be seen that now the size of Bangladesh’s labor force has reached 6 crore. Officially, these people are looked after by the Ministry of Labor and Employment and the Ministry of Expatriate Welfare and Overseas Employment. However, these two ministries receive very little allocation during the budget period. Demands have been raised to change this situation.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

In the fiscal year 2021-22, the total allocation for the two ministries in the labor sector was Tk. Not even the whole 1 part! It is also worth noting that this share is decreasing year by year.

If the budget allocation is seen as a national priority, then it is easy to see that the development of the labor sector is not on that list at the moment.

It is normal for different sectors to be given priority in the development of a country at different times. But in times of fear of inflation and recession, the largest population in the country and their interests must now demand more attention. That is exactly what the workers’ organizations are saying.

The largest group of workers in the country is the informal sector workers. They do not have legal recognition as ‘workers’. As a result, there is no protection of minimum wage. A good solution to this situation could be a national minimum wage. The government’s attitude towards the ‘National Minimum Wage’ has been seen as positive. An announcement was made once in 2001, which was then suspended due to objections from the owners.

Amy Jackson