Budget FY27: Govt aims to bring inflation down to 7.5%
The government also aims to raise economic growth to 6.5% while establishing sustainable discipline in the economy to help restore comfort and purchasing power for citizens.
The government has set a target to bring inflation down to 7.5% in the next fiscal year, placing price stability at the centre of its proposed budget strategy.
According to the budget proposal set to be unveiled by Finance Minister Amir Khosru Mahmud Chowdhury in parliament this afternoon (11 June), the government also aims to raise economic growth to 6.5% while establishing sustainable discipline in the economy to help restore comfort and purchasing power for citizens.
The government has taken up a macroeconomic strategy while maintaining a commitment to addressing both the fragile state of the domestic economy and global economic uncertainty and geopolitical tensions.
Keep updated, follow The Business Standard's Google news channel
Officials say this year's budget has been formulated with a focus on stability, investment, production, employment, and above all, fairness.
The budget statement expressed confidence that these measures, alongside broader economic reforms, would help Bangladesh progress toward becoming a trillion-dollar economy by 2034.
At the same time, through the democratisation of the economy, Bangladesh will harness the opportunities presented by the demographic dividend and the longevity dividend, while also achieving a democratic dividend, it said.
The country's overall inflation continued its upward trajectory, with point-to-point inflation rising to 9.42% in May from 9.04% in April.
According to the latest data released by the Bangladesh Bureau of Statistics on 7 June, the inflation rate was also higher than the 9.05% recorded in May last year.
