Bangladesh’s fiscal year runs from July 1 to June 30.
Bangladesh Finance Minister Amir Khosru Mahmud Chowdhury today unveiled the taka 9.38 trillion (~$76.3-billion) national budget for FY27 in parliament after the cabinet approved the budget proposal.
It has three main objectives: reviving the economy, implementing the government’s electoral pledges and turning towards a high-growth trajectory to expand employment.
This is the first national budget under the government led by Prime Minister Tarique Rahman.
The budget’s theme is ‘Economic democratisation and decentralisation, Bangladesh in the trillion-dollar economic march’. It will crossed the taka 9-trillion mark for the first time in history.
It has three main objectives: reviving the economy, implementing the government’s electoral pledges and turning towards a high-growth trajectory to expand employment, according to domestic media reports.
In the upcoming fiscal, the government has set an expenditure target of taka 9,380 billion, which is 19 per cent higher than this fiscal’s revised budget.
Economic growth in the country has been on a downward trend for three years in a row. In the last fiscal, growth fell below 4 per cent, the first time since the COVID-19 pandemic in FY20.
Inflation has stayed above 9 per cent in the country since 2023.
Fibre2Fashion News Desk (DS)
