She said Bangladesh will turn into a developed nation with $16,000 per capita income
Prime Minister Sheikh Hasina has told the parliament that Bangladesh's governance system will be decentralized by 2041 as the country will turn into a developed one by this time.
"Through the implementation of 'Vision 2041', Bangladesh will become a peaceful, prosperous, happy and developed country by 2041," she said while replying to a question from treasury bench lawmaker M Abdul Latif, reports UNB.
"The governance system will be decentralized by this time," she said.
She said the lion's share of the government expenses will be implemented at the local level.
"The local administration will carry out the responsibility of expending the government funds. The plans will be designed with clear coordination between the local and the central administrations," the prime minister said.
Good governance, and capacity and empowerment of the people will be the key policies required for the progress of the country, she said.
Saying the economy of Bangladesh stands at a strong position, Sheikh Hasina said investment is increasing gradually, and the balance of payment remains good – thanks to high growth in export and remittance.
She also said inflation remains under control, while budget deficit remains limited within the 5% GDP.
It can be expected that the economic growth will accelerate further in the days to come, she said.
"Bangladesh will turn into a developed nation with $16,000 per capita income and the poverty will be a matter of distant past in 2041," the prime minister said.
According to the World Economic Situation and Prospects 2019 of the United Nations, Bangladesh was one of the top 10 growing economies in the world in 2018, she said.