DHAKA: Finance minister AMA Muhith in his budget speech projected GDP growth rate at 7.0 percent for FY2015-16.

According to the speech, industry and service sectors on the supply-side and, consumer spending and public and private investment, on the demand-side, will be the drivers of this growth.

Moreover, efficient coordination between fiscal and monetary policies will help realize this goal.

However, inflation is expected to slide further down in FY2015-16 reflecting fall in international oil prices, favorable agricultural production, continuous improvement in domestic distribution system and impact of restrained monetary policy.

Budget deficit will be contained within 5 percent of GDP as in the past. Taking all these into account, the government is setting inflation target at 6.2 percent for FY2015-16.

BDST: 1647 HRS, JUN 04, 2015
RR/SMS