The Bangladesh Caretaker Government has set the country’s Gross Domestic Product (GDP) at 6131 billion taka (about 87.6 billion U.S. dollars) for the next fiscal year, marking a 15.6 percent growth compared to current fiscal, said a senior official here Sunday.
The GDP for 2008-09 fiscal (July 2008-June 2009) will be 828 billion taka (about 11.8 billion U.S. dollars) higher than current 2007-08 fiscal, a senior official of Finance Ministry said.
The size of Bangladesh’s GDP in the outgoing fiscal is 5303 billion taka (about 75.8 billion U.S. dollars). It was 4675 billion taka (about 66.8 billion U.S. dollars) in 2006-07 financial year.
The official said the government is expected to announce a deficit of 300 billion taka (about 4.3 billion U.S. dollars) or 5. 0 percent of GDP in the upcoming annual budget outlay of 995 billion taka (about 14.2 billion U.S. dollars) for the next financial year.
According to the budget estimates, total revenue collection target of Bangladesh for 2008-09 is likely to be 702.04 billion taka (about 10 billion U.S. dollars), registering a growth of around 15 percent than the projection for 2007-08 financial year.