The government has projected to improve the ratio of revenue to GDP to 10.6 percent in the mid-term (by 2024-25 fiscal), even though the revenue sectors are suffering a lot due to the COVID-19 pandemic and Russia-Ukraine War.The ratio of revenue to GDP expresses total government revenue as a percentage
Tag: GDP
Govt aims to raise investment to 33.6pc of GDP
The government has projected to upgrade total investment in the country to 33.6 percent of the total GDP on the mid-term basis (in 2024-25 fiscal year) aiming to overturn the economic shock from the COVID-19 pandemic and the Russia-Ukraine war. In this investment, the private sector will contribute 26.65 percent
IMF for updating GDP report every 3 months
International Monetary Fund (IMF) has advised updating gross domestic product (GDP) information every 3 months, as per international standard.The visiting IMF delegation had a meeting with Bangladesh Bureau of Statistics (BBS) on Tuesday. The IMF team also trained BBS officials on utilizing some tools for calculating GDP. The IMF team was
Lack of reforms may stunt GDP growth: WB study
World Bank, in a study, said Bangladesh's gross domestic product (GDP) growth could fall below four percent by 2035 without massive reforms, it said. The study found three obstacles to Bangladesh's economic reform: declining trade competitiveness, a weak and vulnerable financial sector, and unbalanced and inadequate urbanization. If these three obstacles
Bangladesh GDP to grow by 6.6pc in FY23: ADB
Bangladesh's gross domestic product (GDP) is expected to grow by 6.6 percent in fiscal year (FY) 2023, according to the latest Asian Development Bank (ADB) report, Asian Development Outlook (ADO) 2022 Update, released on Wednesday. The moderately lower growth forecast reflects slower domestic demand and weaker export prospects due to slower
Govt eyes 7.5% GDP growth in FY23
The GDP growth rate has been targeted to be 7.5 percent for the next fiscal year (2022-2023) considering the lagged effects of the COVID-19 and the protracted crisis arising from the Russia-Ukraine conflict. Finance Minister AHM Mustafa Kamal said this while placing the proposed national budget for FY23 at Jatiya
Work collectively for continuation of country’s development: PM to Ansar
Prime Minister Sheikh Hasina today asked the Ansar and Village Defence Party (VDP) personnel to make collective efforts for continuing the pace of advancement to transform Bangladesh into a developed and prosperous country by 2041. “I want all of you to work together to keep running the country’s development spree,” she
Bangladesh records impressive GDP growth 6.94pc in 2020-21FY Minister
Palm oil consumption bound to grow with rapid urbanization and growth in GDP: Experts
Growing economy, increasing per capita income, and evolving lifestyle indicate that edible oil consumption will significantly increase in the coming years in Bangladesh, and palm oil imports are also expected to grow multi-fold to meet the incessantly increasing demand in the country. In 2021, import of palm oil was nearly double
Traffic congestion eats up 2.5pc of GDP
Congestion caused by unplanned urbanisation in Dhaka is creating a loss worth 2.5 percent of the Gross Domestic Production (GDP) directly, according to a research paper presented Thursday. The paper, presented on the second day of the Annual Bangladesh Institute of Development Studies (BIDS) Conference on Development (ABCD) 2021, highlighted that