State of the Bangladesh economy in FY2000-01: a review of some early signals
Amid some encouraging economic trends, the government must keep a tight lid on inflationary pressures
Authors:
D. Bhattacharya
Publisher:
Centre for Policy Dialogue, Bangladesh, 2000
The article examines major developments and trends in the macro economy e.g. revenue earnings, government borrowing, inflation, industrial production, foreign investment, capital market, import, exports, foreign remittances, foreign exchange reserve, etc in recent years including the first half of the Fiscal Year 2001.
Findings include:
- Revenue yield has been about 1.4% above the target for the NBR
- Net government borrowing in last fiscal year stood at Tk. 180.16 billion, recording a massive growth of more than 38% over the preceding period
- Rising trend in inflation, which was observed in FY99, was corrected during FY00 as the moving average come down to about 3.9% in June 2000
- Small industries segment continued to grow at a slower pace (4.0%) in comparison to its larger and medium counterparts (4.35%)
- Export target was overachieved during the July-September 2000 by 10.6%, recording a growth of 25.4% over the corresponding figure for FY00
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