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Fy 2020 21 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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Bangladesh targets 7 2% economic growth in new fiscal year

  Staff Correspondent,  bdnews24.com Published: 03 Jun 2021 03:44 PM BdST Updated: 03 Jun 2021 03:44 PM BdST Bangladesh has set a 7.2 percent GDP growth target for the new fiscal year starting Jul 1 amid a second wave of coronavirus infections that is sweeping across the country. ); } In order to implement the Tk 6.04 trillion budget, Finance Minister AHM Mustafa Kamal will have to overcome the challenge of increasing revenue collection and rely on loans for a third of budget financing. Bangladesh had set a growth target of 8.2 percent in FY 2019-20, Kamal said in his budget speech. But the economy took a big hit at the end of the fiscal year due to the pandemic. The country’s economy grew by 5.24 percent that year, according to government calculations.

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