The dollar is at its highest since November against other major currencies, poised for a fourth straight month of gains
Bangladesh achieves FY 2015-16 budget target with inflation rate at 5.92 percent
Bangladesh’s average inflation rate remained below 6 percent in the financial year ending in June, fulfilling the target set in the last national budget.
Published : 12 July 2016, 07:48 AM
Updated : 12 July 2016, 07:48 AM
In 2015-16 fiscal, the overall inflation dropped to 5.92 percent compared to 6.35 the previous year, according to latest Bangladesh Bureau of Statistics (BBS) data.
Planning Minister AHM Mustafa Kmala released the data after a meeting of the Executive Committee of the National Economic Council (ECNEC) on Tuesday.
While presenting the FY 2015-16 budget last year, Finance Minister AMA Muhith had hoped to keep the average inflation rate below 6 percent, while wishing to bring it down to 5.8 percent at the end.
RELATED STORIES
The IMF's fiscal monitor estimates that the US deficit for 2024 will reach 6.67% of GDP, rising to 7.06% in 2025 - double the 3.5% in 2015
The nation has kicked off talks with ratings agencies to lay the groundwork for a return to international debt markets
The IMF projects that consumer prices in the country will rise by 7.9 percent by the end of the fiscal year
