Bangladesh hopes to contain inflation within 6.2 percent
Chief Economics Correspondent, bdnews24.com
Published: 04 Jun 2015 06:02 PM BdST Updated: 04 Jun 2015 08:44 PM BdST
The proposed budget for the next fiscal targets to keep inflation within 6.2 percent.
Finance Minister AMA Muhith presented his Tk 3 trillion budget for FY 2015-16 in Parliament.
“Inflation is expected to slide further down in FY 2015-16 reflecting fall in international oil prices, favourable agricultural production, continuous improvement in domestic distribution system and impact of restrained monetary policy,” he said in his budget speech on Thursday.
During his last budget speech, Muhith did not set a target for containing inflation, but hoped that it will come down during the ongoing 2014-15 fiscal.
He had then said average inflation would be around 7 percent by the end of June 2014 and it would come down further.
According to the latest figures by the Bangladesh Bureau of Statistics (BBS), average inflation by the end of April stood at 6.57 percent and on a point-to-point basis, it was at 6.57 percent.
-
‘Fiscal blueprint needed to restore confidence in economy’
-
Govt to lay out plan to tackle price hike
-
Pakistan bans imports of non-essential luxury goods
-
China wants to expand BRICS bloc of emerging economies
-
World Bank to give $30bn to shore up food security
-
Panel for 58% bulk power tariff hike
-
BBS reports fall in April food inflation
-
Leaders weigh costs of confronting Russia
-
Fiscal policy should be designed to steer Bangladesh through crisis: Toufique Khalidi
-
Bangladesh to roll out plan to tackle price hike, supply crunch
-
Pakistan bans imports of all non-essential luxury goods: minister
-
China says it wants to expand BRICS bloc of emerging economies
-
World Bank to offer $30 bn as Ukraine war threatens food security
-
Panel recommends hiking bulk power tariff by 58% to cut subsidy
Most Read
- Bangladesh Bank devalues taka again as US dollar hits record high
- Bangladesh announces Padma bridge tolls, a step closer to inauguration
- Woman attacked at Bangladesh railway station for her outfit
- Abdul Gaffar Chowdhury, a journalist who wrote famous Language Movement song, dies at 88
- Exhausted, weak wild elephant prefers to stay close to humans
- Dollar surges past Tk 100, but still ‘hard to find’
- Dhaka traffic stalls as overturned van blocks key road
- Hasina to announce opening day of Padma Bridge within a week
- Russia uses Ukraine captives to push false narrative of Nazi purge
- RAB arrests Chhatra League leader Delwar Hossain Sayedee with weapons