Finance Minister Musfata Kamal in his budget speech for fiscal year 2022-23 (FY23) in the Jatiya Sangsad today highlighted the some remarkable achievements that have been achieved under the dynamic leadership of Prime Minister Sheikh Hasina since2009.
“Bangladesh has been passing through an incredible golden era since 2009. Bangladesh has become a confluence of peace, progress, and harmony. Today Bangladesh is setting example for other countries to emulate for exemplary development,” he added.
In the last 13 years, the average GDP growth has been 6.6 percent, above 7 percent in FY2016-2017, FY2017-2018, and FY2018-2019 and exceeded 8 percent in FY2018-2019, he said, adding that even during the COVID-19 pandemic, the GDP growth in FY2020- 2021 is 6.94 percent which is remarkable.
He said the Jatiya Sangsad has become the centre of all state activities.
Kamal said the average growth rate achieved during the Sixth Five-Year Plan period was 6.3 percent, and that increased to 7.6 percent during the Seventh Five-Year Plan period.
Eighth Five-Year Plan (2021-2025), the Perspective Plan (2021-2041) and the Delta Plan-2100 have already been formulated and their implementation is underway.
The size of GDP has exceeded Tk 39 lakh crore from Tk 4 lakh 72 thousand 338 crore. Per capita income has increased from US$ 543 in FY2005- 2006 to US$ 2,824.
Inflation is well within 5 to 6 percent, Kamal said.
He said the poverty rate has declined from 41.5 percent to 20.5 percent, and the extreme poverty rate has fallen to 10.5 percent.
Foreign exchange reserves touched a record US$ 48 billion (on 23 August, 2021).
The size of the budget has increased by eleven times compared to that of FY2005-2006, he said, adding that the allocation for the social safety net programmes has grown from Tk 2 thousand 505 crore to around Tk 1 lakh crore.
He said the power generation capacity has increased from 4,900 MW to 25,566 MW. Under the programme “Sheikh Hasina’s initiative – electricity in every house”, 100 percent of the population of Bangladesh has been brought under the coverage of electricity.
With the final settlement of legal disputes over maritime boundaries with Myanmar and India, Bangladesh has acquired ownership of 1,18,813 square kilometres in its territorial waters, including exclusive economic zones and continental shelves, in the Bay of Bengal, he said, adding that to take advantage of this open right to extract the blue waters of the sea and its resources, the strategy of Blue Economy has been adopted in the Perspective Plan 2041.
Kamal said graduation from a low-income country; crossed the final stage for transition to developing countries from the list of least developed countries.
He said the commitment made in the ‘Vision 2021’ to increase food production, alleviate food shortages and make the country self- sufficient in food production has already been achieved thanks to various effective measures taken by the government.
The dream of Digital Bangladesh has become a reality and with the setting up of Union Digital Centers in 4,550 Union Councils; laying of optical fibres at the bottom of the deep sea, the launching of Bangabandhu satellite in space, the launching of mobile banking activities, setting up of ATM booths in Upazila towns and making internet facilities available, the services are now at the doorsteps of the people.
The launch of the Bangabandhu-1 satellite has made it easier to provide internet services. About 17 crore mobile phones are currently in use in the country, he said.
Bangladesh successfully achieved the United Nations Millennium Development Goals (MDG).
Received ‘SDG Progress Award’ in recognition of SDG implementation progress, he added.
He said the maternal mortality rate has reduced from 348 per lakh live birth in 2005 to 165 now, the under-five mortality rate has come down from 68 in 2005 to 28 in 2019 per thousand live births, and the presence of skilled health workers during childbirth has increased from 15.6 percent in 2004 to 59 percent in 2019.
Implementation of a large number of mega-projects is currently underway in the country, he said, adding that the Padma Bridge, Metro Rail, Karnafuli Tunnel, and elevated expressway from Dhaka Airport to Kutubkhali near Jatrabari will be opened soon.
Completion of several other major projects, including Payra Seaport, Matarbari Deep Seaport, Rampal Power Station will add a new dimension to the progress of the country, he added.
Through a land boundary agreement with India, Bangladesh got 111 enclaves of India by exchanging enclaves. As a result of this agreement, more than 51,000 people who had been stateless for 68 years got the opportunity to become the citizens of Bangladesh.
The Mujib Year (Mujib Borsho) and the Golden Jubilee of Independence in presence of guests from home and abroad were successful celebrated.
“The government has succeeded in combating terrorism. In this regard, the government has adopted a zero-tolerance policy. The rate of sabotage in the country has reduced a lot thanks to proper initiatives taken by the law enforcing agencies,” Kamal added.
The work of establishing 100 Special Economic Zones is progressing in full swing.
He said the unfinished trial of Bangabandhu’s murder has been completed and the court’s verdict has been executed; the people who committed war crime and crime against humanity have been tried.
The foreign policy introduced by Bangabandhu– “Friendship towards all, malice towards none”– has also been followed by Prime Minister Sheikh Hasina, he added.
