The government of Bangladesh is projecting to rein in the budget deficit back within 5 percent of GDP by 2024-25 fiscal from the current 5.5 percent.
The budget deficit for 2023-24 fiscal has been projected at 5.1 percent, according to an official budget document.
The revised deficit in fiscal 2021-22 was 5.1 percent. The deficit for 2020-21 fiscal was 3.7 percent.
The current deficit remains higher than the norm prior to the outbreak of the Covid-19 pandemic: the deficit averaged 3.5% of GDP in FY15-FY19.
According to the document, the size of the country’s GDP for the running 2022-23 fiscal is Tk44,49,959 crore.
It will be Tk 49,91,337 crore for the next 2023-24 fiscal while Tk 56,06,269 crore for 2024-25 fiscal.
Edited By-SPT
