GDP growth to be projected at 7.4pc: Muhith

Staff Correspondent | Published: 15:48, Apr 16,2017 | Updated: 16:02, Apr 16,2017

 
 

Finance minister Abul Maal Abdul Muhith on Sunday said that the growth in gross domestic product would be projected at 7.4 per cent in the new fiscal year that will begins on July 1.

The deficit of the new national budget would cross five per cent plus for the first time, the minister said.

The deficit could be projected at 5.4 per cent, he said while talking to reporters after presiding over a meeting on country’s micro-economy and the budget management at the secretariat.

He said the country’s GDP growth in the outgoing fiscal year would be no less than the projection of 7.2 per cent.

Meanwhile, the budget deficit in the outgoing fiscal would not cross the projection of five per cent, he added.

 

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