Dr Farashuddin dubious about GDP growth target
Dr Mohammed Farashuddin, economist and former governor of Bangladesh Bank, is doubtful about the 8.2 per cent growth target in the fiscal year 2020-21 budget.
He said, "The budget amount is good. This budget proposes Tk 45,000 crore more than the last one and aims for an 8.2 percent economic growth. To achieve this, we would have to invest 36 percent of our total GDP. If private sector invests 20 percent of the GDP and if the government does nine to ten percent, then I don't know where the rest of it would come from."
"We have predictions for the economic growth, for the 2019-20 fiscal year, Prof Enamul Haque predicts 6 percent, CPD predicts 5.2 per cent, I predict 4-4.5 per cent, IMF predicts 3 percent and World Bank predicts 1.6 per cent growth. If that would be the condition of this fiscal year, then how can they achieve 8.2 percent growth next year?"
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