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Govt eyes 7.5% GDP growth in FY23

Rtv news

  09 Jun 2022, 17:31
File photo

The GDP growth rate has been targeted to be 7.5
percent for the next fiscal year (2022-2023) considering the lagged effects
of the COVID-19 and the protracted crisis arising from the Russia-Ukraine
conflict.

Finance Minister AHM Mustafa Kamal said this while placing the proposed
national budget for FY23 at Jatiya Sangsad here today.
He said only in the FY20, the economic growth was hampered due to the COVID-
19 pandemic. According to the new base year, a record 7.88 percent growth was
achieved in FY19, but in the following year, FY20, it decreased to 3.45
percent due to the pandemic.

"However, we were able to begin the process of economic recovery very quickly
under the guidance of Hon'ble Prime Minister. As a result, 6.94 percent
growth has been achieved in FY21 despite the continued impact of COVID-19,"
he added.

Kamal said it appears from the economic variables that indicate that the
second wave of COVID-19 continued in the first quarter of the current
financial year, but did not have a significant negative impact on the
economy. "Considering overall perspective, this fiscal year's GDP growth is
forecasted at 7.25 percent."
Source: BSS

AH

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