The GDP growth is going to reach 8.13% in the current FY 2018-19, while the Asian Development Bank (ADB) had forecasted a 8% GDP growth, and according to ADB, it’s the highest in Asia
Prime Minister Sheikh Hasina has said the proposed budget for Fiscal Year (FY) 2019-20 as people-friendly, development-oriented, and a balanced one.
“Everyone will be benefited by the budget —this budget will help us to move forward by continuing the pace of the ongoing development,” she said while winding up the general discussion on the proposed budget in the parliament on Saturday.
Sheikh Hasina, also leader of the House said: “Bangladesh is moving forward, and it is my commitment to build a happy, prosperous, and developed ‘Sonar Bangladesh’ free from hunger and poverty, as dreamt by Father of the Nation Bangabandhu Sheikh Mujibur Rahman.”
The government has achieved the status of middle income country by successfully implementing the "Vision 2021" plan, and is heading forward to achieve the Sustainable Development Goals (SDGs) by 2030, and build a developed country by 2041, she said.
The premier said that the proposed budget of over Tk5 trillion is the 11th straight budget of the Awami League government, and the first one of the current government.
“We are now praised at home and abroad for unprecedented development [of the country] in the last 10 years during our tenure [of the government],” she said.
The GDP growth is going to reach 8.13% in the current FY 2018-19, while the Asian Development Bank (ADB) had forecasted a 8% GDP growth, and according to ADB, it’s the highest in Asia, she said.
Hasina said: “The IMF [International Monetary Fund] has mentioned that Bangladesh is one of the 20th countries which are going to contribute the highest in the GDP.”
Bangladesh has set a target to achieve 8.20% growth in the GDP in the FY 2019-20, and a double digit in the FY 2023-2024, the premier said.
She also moved the Finance Bill, 2019 in the House yesterday, on behalf of the finance minister, as he is ill.