- March 21, 2018
The financial sector faced a number of serious challenges this year
Govt has borrowed heavily from the savings instruments
Election-time unrest disrupts import and export activities, while banks witness large number of irregular transactions, these factors slows down the economic growth
Private sector loan growth is nearing 18% after four-and-a-half years
Prof Sobhan blamed the failure of the regulatory system and political patronage in access to credit for the crisis.
‘If Bangladesh can present a dozen or even just five economic zones as models, it will draw the attention of global investors’
‘Our textiles industry will stand on its feet again now that we have taken the initiative to revive the mills under PPP’
Finance Minister AMA Muhith recently approved Internal Resources Division’s proposal of Tk3,40,774cr revenue collection target
Chittagong’s economy generates 50% of revenue for the government
It is the youth of the country that is taking the country forward, the finance minister said at an event to mark National VAT Day and VAT Week 2017
Now that Bangladesh has made significant economic progress, it is crucial to reduce social inequality, the economist says
But the actual figure is much higher, researchers say
‘There is a 5% deficit in the present budget and the government wants to meet up this deficit by taking 1.5% credit from foreign sources,’ says the ERD secretary
People mainly invest in savings certificates as bank interest is low
In 2016, the national household income was at Tk15,945, a 45% increase from Tk7,203 in 2005. On the other hand, the national household expenditure was at Tk15,715 in 2016, a 39% rise from Tk6,134 in 2005.
According to the budget outline, the deficit in the current budget is Tk112,275 crore
The minister said the education sector will receive a very high priority in the next budget – not in terms of allocation but in terms of implementing the targets
The frequency with which US dollar has appreciated this year has become a cause for concern
The size of the country’s gross domestic product (GDP) has increased as well.
‘Export diversification would be possible only when adequate and appropriate policy support is provided to all export-oriented industries’