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
Power subsidy won’t continue for long: PM Hasina
Prime Minister Sheikh Hasina has hinted that the government will not continue to subsidise the power sector for long.
Published : 6 Sept 2018, 11:18 AM
Updated : 6 Sept 2018, 11:18 AM
“We are now giving subsidy to the power sector, which means we are not taking power generation cost from consumers,” Hasina said while inaugurating the Power and Energy Week in Dhaka on Thursday.
At present, per kilowatt electricity generation costs Tk 6.25, but the government sells it for Tk 4.82 per kilowatt.
“But one day this facility will be withdrawn,” said Hasina. “When the country will see more socioeconomic development, the consumers will have to pay in line with the production cost.”
Keeping this in mind, Hasina urged all to practise austerity in using electricity as consumers are getting it at a very lower price, thanks to government subsidy in this sector.
RELATED STORIES
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
While initial price spikes have faded since Russia's invasion of Ukraine, a widening of the conflict could cause them to intensify, the IMF says
