Bangladesh budget

Chittagong Port Photo: Wikipedia

Dhaka, Bangladesh (BBN)-The Bangladesh government has set 7.4 per cent gross domestic product (GDP) growth target for fiscal 2017-18.
Finance Minister AMA Muhith revealed the target while placing BDT 4.27 trillion national budget for 2017-18 fiscal year in the Bangladesh National Parliament in Dhaka Thursday  afternoon.
“For the next fiscal year, we have set a target of achieving 7.4 percent GDP growth, the highest in the last four decades,” said the finance minister while unveiling the national budget.
In FY 2015-16, our GDP growth target was 7.05 percent; however, according to the final estimation of Bangladesh
Bureau of Statistics (BBS), the GDP growth rate stood at 7.11 percent.
This growth rate is much better than that of comparator countries. Robust domestic demand along with recovery in external demand contributed to this growth.
In the current fiscal year, our growth target is 7.2 percent. “The good news is that the provisional estimate released by BBS for current fiscal year reflects a growth of 7.24 percent which is higher than our GDP growth target,” the minister added.