BEA plea for allowing black money

A section of economists has suggested the use of black money in infrastructure building under ‘strict’ conditions. The Bangladesh Economics Association (BEA) has aired this view in its review of the proposed budget for 2014-15 fiscal on Saturday. The BEA’s position differs from the finance minister’s, who has said that facilities to ‘whiten’ black money contained in the previous budgets would be withdrawn. BEA President Abul Barakat said black money in the country amounted to about Tk 5-7 trillion. “We need to recover this vast sum,” he added, according to a news agency.