The minister targeted a modest increase in the growth rate to 6.75 per cent in the Tk 7.97 trillion budget presented for the 2024-25 fiscal year in parliament on Thursday. AHM Mustafa Kamal had set the growth target at 7.5 per cent for the 2023-24 fiscal year ahead of the election. GDP growth is maintaining its momentum because of the implementation of prudent and appropriate policy measures, the minister said in his budget speech. The average growth rate between FY 2009-10 to 2022-23 was 6.71 per cent, one of the highest among all countries in the world, he said. It may be noted that the country achieved a record GDP growth rate of 7.88 per cent in FY 2018-19 just a year before the COVID-19 pandemic.
