Bangladesh, March 18 -- President Joe Bidens fiscal year 2025 budget proposal has ignited intense debate among economists and policymakers, with concerns mounting that it could exacerbate the already soaring levels of inflation gripping the nation. The proposal, if approved, could significantly inflate the national debt and further strain an economy grappling with unprecedented price hikes.

Outlined in Bidens budget are ambitious spending measures and tax increases amounting to a staggering US$14.8 trillion in additional debt by the end of his presumed second term. Experts warn that these provisions are likely to fuel inflationary pressures without effectively addressing the root causes of escalating prices.

Richard Stern, director of t...