The government has set targets to achieve a 6.75% gross domestic product (GDP) growth and keep the average inflation rate at 6.5% in the fiscal year 2024-25.

Finance Minister Abul Hassan Mahmood Ali disclosed the targets at the Jatiya Sangsad on Thursday while placing the proposed national budget of Tk7,97,000 crore for FY25, beginning from July 1.

“The GDP growth is maintaining its momentum because of the implementation of prudent and appropriate policy measures…It is expected that pursuing all the prudent policy measures will help achieve GDP growth of 6.75% in the next fiscal year and 7.25% in the medium term,” he said in the budget speech.

“To control inflation, various steps are being taken to make the monetary policy a successful one. At the same time, supportive policies are being implemented in the fiscal sector as well. Government support like Family Card and OMS Programs are being strengthened to protect the common people from adversities arising from high inflation,” the minister said.

“We are expecting that the inflation rate will come down to 6.5% in the next fiscal year as an outcome of the policy[1]strategies that we have adopted.”

BDST: 1556 HRS, JUNE 6, 2024
MSK