Data by the finance ministry showed that the allocation for the pensions and interest payments account for 30 percent of the total social security programme fund of Tk 126,090 crore for the current fiscal year of 2023-24.
Social Safety Net Allocations Bangladesh: Data by the finance ministry showed that the allocation for the pensions and interest payments account for 30 percent of the total social security programme fund of Tk 126,090 crore for the current fiscal year of 2023-24.
The economy is recovering from damages inflicted by the pandemic but the revival remains fragile owing to rising inflation, exchange rate volatility and squeeze in the government’s fiscal space, said the Centre for Policy Dialogue (CPD) yesterday.
Economy making uneven recovery Star Business Report Star Business Report
Bangladesh s economy is making an uneven recovery with larger firms at a faster pace and small and medium enterprises (SMEs) falling behind, said the Centre for Policy Dialogue (CPD) yesterday. Smaller firms, people belonging to the low-income category and the poor (people) in general have been affected disproportionately and have not received adequate government support, said CPD Senior Research Fellow Towfiqul Islam Khan.
He was presenting the CPD s review of the economy in the fiscal year 2020-21 at a virtual media briefing.
The independent think tank said globally, the possibility of a K-shaped recovery, when a segment of the economy pulls out of a recession while others stagnate, was being widely discussed.