The national budget for fiscal year 2017-18 has set a growth target of 7.4% for the economy. In FY2015-16, the government’s GDP growth target was 7.05%, and Muhith reported that according to the final estimation of Bangladesh Bureau of Statistics (BBS), growth stood at 7.11%. “In the current fiscal year, our growth target is 7.2%. The good news is that the provisional estimate released by BBS for current fiscal year reflects a growth of 7.24% which is higher than our GDP growth target,” he added. The base for GDP growth was updated to 2005-6 in 2013.

Source: Dhaka Tribune June 01, 2017 08:26 UTC