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The Financial Express
Swasti Lankabangla Swasti Lankabangla

Kamal happy with GDP growth, per capita income attained in FY20

| Updated: August 14, 2020 09:57:48


Kamal happy with GDP growth, per capita income attained in FY20

Finance Minister AHM Mustafa Kamal has expressed his satisfaction at the 5.24 per cent GDP growth rate and $2,064 per capita income attained by the country in the last fiscal year (FY20).

Kamal expressed the satisfaction at the beginning of a virtual coordination meeting with the secretaries of the Finance Division, Financial Institution Division, Internal Resources Division and the Economic Relations Division (ERD) held on Tuesday, reports BSS.

At the very outset of the meeting, the finance minister also thanked the countrymen and the Prime Minister for such attainment in the economic sector.

He said these four divisions under his ministry have been working as a team and these would need to work intensively to keep up the pace of macroeconomic indicators in the coming days.

The finance minister said the concerned agencies would have to be more careful in mobilisation of local and foreign resources as well as in prudent cost management for properly implementing the budget for the current fiscal year (FY21).

He said although such meeting could not take place for the last couple of months due to the coronavirus pandemic, but from now on this meeting would take place in every three months.

NBR Chairman and Internal Resources Division Secretary Abu Hena Md Rahmatul Muneem, Financial Institution Division Senior Secretary Md Ashadul Islam, Finance Division Secretary Abdur Rouf Talukder and ERD Secretary Fatima Yasmin attended the meeting.

ERD Secretary Fatima Yasmin informed that disbursement of foreign assistance at the end of the last fiscal year totaled $1.732 billion from various development partners as budget support.

The Finance Division Secretary sought support from the NBR to keep the budget deficit within six percent of GDP in the current fiscal year.

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