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    The budget for 2012-2013 is Tk. 190,000 crore, with Tk. 54,000 crore allocated for development programs. The government targets 7.2% GDP growth and 8% inflation. Higher growth and curbing inflation are priorities in the new budget. Inflation exceeded 10% due to higher oil prices internationally and government borrowing from banks. Revised electricity demand is 9,000 MW by 2015, and reliance on rental power plants threatens macroeconomic stability as government borrowing from banks slows private sector growth. The government will announce a new mechanism to maximize use of $16 billion in unused foreign assistance, up from $13 billion previously. Five factors threaten targeted growth: balance of payments pressure, rising government expenditure

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    The budget for 2012-2013 is Tk. 190,000 crore, with Tk. 54,000 crore allocated for development programs. The government targets 7.2% GDP growth and 8% inflation. Higher growth and curbing inflation are priorities in the new budget. Inflation exceeded 10% due to higher oil prices internationally and government borrowing from banks. Revised electricity demand is 9,000 MW by 2015, and reliance on rental power plants threatens macroeconomic stability as government borrowing from banks slows private sector growth. The government will announce a new mechanism to maximize use of $16 billion in unused foreign assistance, up from $13 billion previously. Five factors threaten targeted growth: balance of payments pressure, rising government expenditure

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    10 views2 pages

    Budget 2012

    Uploaded by

    niloy_yo9480
    The budget for 2012-2013 is Tk. 190,000 crore, with Tk. 54,000 crore allocated for development programs. The government targets 7.2% GDP growth and 8% inflation. Higher growth and curbing inflation are priorities in the new budget. Inflation exceeded 10% due to higher oil prices internationally and government borrowing from banks. Revised electricity demand is 9,000 MW by 2015, and reliance on rental power plants threatens macroeconomic stability as government borrowing from banks slows private sector growth. The government will announce a new mechanism to maximize use of $16 billion in unused foreign assistance, up from $13 billion previously. Five factors threaten targeted growth: balance of payments pressure, rising government expenditure

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    Budget 2012-2o13 1. Budget amount Tk. 190,000 crore of which Tk. 54,000 crore will be arrived Development Programme.

    2. Target GDP growth at 7.2% 3. Inflation at 8%in fiscal 2012-13 4. Target in New Budget: Higher growth Curbing inflation The inflation rate crossed double digits due to a - Hike in oil prices on the international market - The Govts heavy borrowing from the banking sector in the current fiscal (2011-2012)

    Revised demand for electricity -9000 MW units 2015 in place of 7000 MW. - depend on quick rental power plants has emerged as a major threat to the countrys macro economic Stability. Govt. increased borrowing from Banks in the current fiscal year has slowed down the growth in the private sector. - In the coming budget the govt. will announce a new mechanism to maximize the utilization of foreign funds. - The amount of unused foreign assistance has reached a record of $ 16 billion now up from 13 billion at the beginning of the current fiscal year. - The Metropoliton chamber of commerce & Industry (MCCI) has identified five major factors the threaten the targeted economic growth in fiscal year 2011-2012. The Threats are: a) Pressure of the balance of Payment. b) Rising government expenditure out of bank borrowing c) Stagnant investment. d) Political unrest, and e) Double digit inflation

    - The Asian development fund forecast that GDP growth would slow to 6.2 percent in the current fiscal

    - The IMF forecast at 5.5 percent due to weaker external demand and sluggish investment.

    ***- Bangladeshs economy performed reasonably well in the third quarter of FY 12 although most of the developed countries have been experienced slow growth. - The agriculture sector depicted good growth in the quarter ( 3rd of fiscal 2011-12) and govt. support will be required to sustain the sectors growth in the coming fiscal.

    N.B Declining exports foreign aid and investments pose a threat to the economy - Export earnings fell by 7.21percentin March2012 compare to the same month a year ago. - Settlement of Import L/Cs in March 2012 was 17% higher than that in February, 2012 -On a point to point basis, the general inflation rate dropped to 10.10% in March 2012 from 10.43% in the previous month, mainly because of a drop in ford inflation. -Food inflation came down to 8.28% in March 2012 from 10.90 % in January 2012

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