Govt to focus on inflation control, financial stability in FY26 budget

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Govt to focus on inflation control, financial stability in FY26 budget

//business-finance.news-articles.net/content/202 .. -control-financial-stability-in-fy26-budget.html

Published in Business and Finance on Friday, November 29th 2024 at 22:00 GMT by Bill Williamson
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

The FY25 budget projected a 6.75% GDP growth, but finance ministry officials expect a maximum of 5%. They also predict that inflation is also likely to remain in double digits this year.

The article from TBS News discusses the upcoming fiscal year 2025-26 (FY26) budget in Bangladesh, highlighting the government's focus on controlling inflation and ensuring financial stability. Key points include the government's intention to reduce inflation to 6.5% by June 2024, with a further target of 5.5% by FY26, through measures like controlling money supply, reducing subsidies, and enhancing agricultural productivity. The budget also aims to increase revenue collection, manage public debt, and promote economic growth by fostering private sector investment, improving infrastructure, and expanding social safety nets. Additionally, there is an emphasis on digitalization, green initiatives, and improving the business environment to attract foreign investment. The government plans to maintain fiscal discipline while addressing the economic challenges posed by global economic fluctuations and domestic issues like energy crises and natural disasters.

Read the Full tbsnews Article at:
[ https://www.tbsnews.net/economy/govt-focus-inflation-control-financial-stability-fy26-budget-1005851 ]

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