Bangladesh GDP growth target of 7.3%

GMT 17:45 2014 Thursday ,05 June

Arab Today, arab today Bangladesh GDP growth target of 7.3%

Finance Minister Abul Maal Abdul Muhith
Dhaka - SPA

Bangladesh's government unveiled Thursday a 32-billion-dollar budget that focuses on reforms to public administration and infrastructure development, dpa reported.
In presenting the proposed budget for 2014-15 fiscal year, Finance Minister Abul Maal Abdul Muhith said the government had set a growth target of 7.3 per cent.
GDP growth was 6.2 per cent for the outgoing fiscal year, he said, adding that it would have been at least one percentage point higher were it not for the political unrest and boycotts Bangladesh has experienced over the past 12 months.
The government of Prime Minister Sheikh Hasina hopes to substantially increase its revenues to more than 23.56 billion dollars in order to finance public sector reforms, as well as education, transport and communications projects.
It must also borrow from local banks and external sources to cover a deficit of more than 8.7 billion dollars in the next fiscal year, according to budget documents presented.
The fiscal year begins July 1.


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