Govt eyes 6.75% GDP growth in FY25

The government has set the GDP growth target of 6.75 percent in the next fiscal year of 2024-25.

“It is expected that pursuing all the prudent policy measures will help achieve GDP growth of 6.75 percent in the next  fiscal year and 7.25 percent in the medium term,” said  Finance Minister AH Mahmood Ali while placing the budget for FY25 at Jatiya Sangsad Bhaban on Thursday.

Because of the implementation of prudent and appropriate policy measures, the GDP growth is maintaining its momentum, he said.

“The average growth rate between FY 2009-10 to 2022-23 was 6.71 percent, one of the highest among all countries in the world. It may be noted that the country achieved a record GDP growth rate of 7.88 percent in FY 2018-19 just a year before Covid-19 pandemic,” he said.

Ali said, “Despite all adversities caused by Russia-Ukraine war and other global unrests, Bangladesh managed to achieve 7.10 percent, 5.78 percent and 5.82 percent (provisional) growth in 2021-22, 2022-23 and 2023-24 respectively which is a testament to the inherent strength of our economy.”