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Bangladesh: Emerging Economic Tiger in South Asia
Md. Muzibur Rahman
Md. Muzibur Rahman
Bangladesh emerged as an independent state on December 16, 1971, to attain a self-reliant nation in the world. Budget presentations from 1972 to 2020, indicates that Bangladesh has been expanding its economy year after year. A short data is given below to understand the matter. The data shows that the budget of 1972-1973 was 786 crore taka whereas it was 5,23,190 crore taka in the 2019-2020 budget!
Table data of budget from 1972-73 to 2019-2020 financial year (consolidated)
FY 2019-2020. The budget estimation is 5,68,000 crore taka in the FY 2020-2021. It may further increase in the next financial year, i.e. in the FY 2021-2022. It indicates expansion of the economy. But the Covid-19 pandemic has affected Bangladesh economy much which started from March, 2020 till today, causing the death of more than 8,000 people in Bangladesh.