COUNTRY’S GDP GROWTH TO HIT 8.13%, BREAKING ALL THE RECORDS

COUNTRY’S GDP GROWTH TO HIT 8.13%, BREAKING ALL THE RECORDS

March 19, 2019

Bangladesh’s flourishing economy is to result in the highest growth of GDP being 8.13% for the 2018-19 fiscal year. Finance Minister AHM Mustafa Kamal disclosed the figure after the ECNEC meeting on Monday. While giving a provisional estimate, he stressed that this rate would be the highest in the history of Bangladesh.

A revised budget of Taka 1,74,620 crore, which was originally Taka 1,80,000 crore, has been passed at the Executive Committee of the National Economic Council (ECNEC) meeting by the government. The National Economic Council meeting was held at the NEC conference room which was chaired by Prime Minister Sheikh Hasina.

In the 2017-2018 fiscal year, the country’s GDP growth rate was 7.86 percent. According to a statement of the Finance Minister, per capita income in the country has now grown to US$ 1909 from US$ 1751.

He also said that at the end of the current fiscal year, the investment ratio to GDP will stand at 31.57 percent – 8.17 percent public and 23.40 percent private investment. The investment ratio to GDP was 31.13 percent in the last fiscal year.

The Finance Minister has expressed that the improvement in key sectors at the macro levels, is behind the high GDP growth rate in the current fiscal year.

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