Author Topic: Next GDP growth target 7.3%-Can we Acheive?  (Read 673 times)

Offline ForhadFaysol

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Next GDP growth target 7.3%-Can we Acheive?
« on: April 10, 2012, 08:52:05 PM »
Finance minister Abul Maal Abdul Muhith on Tuesday said the next budget will target the economy to grow at 7.3 percent.

He gave out the information at a views-exchange meeting on the next fiscal with economists at the secretariat.

Muhith said the budget in the 2012-13 fiscal will be around Tk 1.89 trillion.
The current budget is worth around Tk 1.63 trillion and the GDP growth rate target has been forecast at 7 percent.

The minister said the average inflation rate in the current fiscal was just above 10 percent. "Our target in the new fiscal will be to bring it down to a single digit," he said.

The last budget envisaged the average inflation rate within 7.5 percent. But according to a recent Bangladesh Bureau of Statistics (BBS) report published in April, the general inflation topped 10 percent in March.

Muhith said agriculture, rural development and human resource development would be given the highest priority in the new budget as was done in the previous one.

He said the power sector would also be prioritised in the next budget.

Offline hassan

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Re: Next GDP growth target 7.3%-Can we Acheive?
« Reply #1 on: April 22, 2012, 08:08:44 PM »
I think it is not possible until current economic situation improved.
Md. Arif Hassan
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Department of Business Administration
Faculty of Business and Economics
Daffodil International University

Offline Anowar@UC

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Re: Next GDP growth target 7.3%-Can we Acheive?
« Reply #2 on: May 16, 2012, 01:25:32 PM »
it is possible if our political parties cooperate the government
Lecturer & Coordinator, Business Administration
Daffodil International University, Uttara Campus

Offline Faiyaz

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Re: Next GDP growth target 7.3%-Can we Acheive?
« Reply #3 on: May 19, 2012, 10:23:00 PM »
As inflation is the root cause of hinderance in this regard, we can implement import substitution policy. By this we dont have to import inputs from abroad thus we'll be safe from the currency fluctuations issue so that the lesser price of taka in purchasing imports might not be 'imposed' on general public. But ironically, economic movements (specially in a third earth country like ours) are pressurized, directly or indirectly by international 'heads' or even by the nativemen. E.g- augusto pinoche (spelling might be wrong) tried some of this policy but was conspired and hindered by america. So........   
M. Faiyaz Naveed
Asst. Administrative Officer
Office of the Pro-Vice Chancellor
Daffodil International University

Offline goodboy

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Re: Next GDP growth target 7.3%-Can we Acheive?
« Reply #4 on: May 19, 2012, 10:37:47 PM »
I doubt it specially under this puppy minister,i used to have a lot of faith on Malamaal Muhit but not anymore.
Whatever, hope for the best.

But, my suggestion is let the Investment should be focused on export industries, specially in smal and medium engineering, IT and service industries based on the outsourcing model.
Md. Abul Hossain Shajib.
Department of BBA, Sec:B.
25th Batch.
Daffodil International University.
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Offline tree

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Re: Next GDP growth target 7.3%-Can we Acheive?
« Reply #5 on: June 27, 2012, 02:36:23 PM »
 I agree with good boy but we need more entrepreneur and this is impossible to complete targate.