Business

Govt remained steadfast on steering pro-people agenda: Muhith

Finance Minister Abul Maal Abdul Muhith today
said over the last 10 years starting from 2009, the Awami League government
remained steadfast in taking forward pro-people agenda mainly for the benefit
of the poor and the disadvantaged.

“During this decade, we achieved average GDP growth rate of 6.6 per cent
while the developing economies’ average GDP growth was 5.1 per cent,” he said
while placing the proposed national budget for FY19 at Jatiya Sangsad today.

Highlighting some of the major macro-economic achievements of the
country over the last one decade, Muhith said public investment rose to 8.2
per cent from 4.3 per cent; per capita income increased from US$759 to
US$1,752; inflation declined from 12.3 per cent to 5.8 per cent; revenue-GDP
ratio rose to 10.3 per cent from a low of 9.2 per cent; the size of budget
grew from Taka 89,000 crore to Taka 4,64,573 crore.

Besides, the veteran Minister said annual exports registered an increase
from US$15.6 billion to US$34.8 billion; annual import stood at US$47.0
billion increasing from US$22.5 billion; the forex reserve increased from
US$7.5 billion to US$32.2 billion; the rate of poverty declined to 24.3 per
cent from 31.5 per cent and extreme poverty rate reduced to 12.9 per cent
from 17.6 per cent.