NATIONAL BUDGET OF BANGLADESH.2011-2012

 

Bangladesh Government targets country’s GDP growth at 7 percent in next fiscal

The government has set the real GDP growth target for fiscal 2011-12 at 7 percent considering the prospects and potential risks in the context of global and domestic economic perspectives,

While placing the national budget for next fiscal, Finance Minister AMA Muhith on Thursday said in Parliament that even though “our growth prospects are unlimited, there are challenges as well.”
According to the provisional estimate, a real GDP growth of 6.7 percent has been achieved in the outgoing fiscal (2010-11).
Muhith in his budget speech said that although Bangladesh is in an advantageous position in relation to world average growth and the growth of emerging and developing economies, it is lagging slightly behind in comparison to the developing Asian economies.
The real GDP growth in fiscal 2009-10 has been finally computed to be 6.1 percent, he said.
The Finance Minister mentioned that according to the latest outlook, world growth projection for 2011 is estimated at 4.4 percent, which in 2012 will slightly expand to 4.5 percent. Over the same period, emerging and developing economies are likely to grow by 6.5 percent.