Muhith sees over 7 percent growth


Finance Minister AMA Muhith has said that the country’s GDP will grow over 7 percent in the current fiscal year.
The minister said this while placing the second quarter and first half (July-December) report on budget implementation in parliament on Wednesday.
GDP growth target is anticipated 7.05 per cent in the current fiscal year (FY16), he said.
“It’s my belief that consumption due to increased salaries in the public sector alongside increased investment will help us to gain the GDP growth target,” he said.
The finance minister said that according to the final estimation of the Bangladesh Bureau of Statistics (BBS), the GDP growth stood at 6.55 per cent in the last fiscal, (FY15), which is higher than other similar economies.
Regarding the GDP growth target of 7 percent in the current year, Muhith said that the World Bank, ADB, UN have projected 6.7 percent growth for Bangladesh, while the IMF has it a bit higher at 6.8 percent. “But, as per the provisional estimation of BBS, our GDP growth for this year will be a little over 7 percent.”