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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.
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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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