This presentation was mainly prepared for National Skill Fest- 2019 Competition, arranged by GDN SUST. Economic condition of Bangladesh has been described briefly during past decade. With the help of different economic analysis using statistics. Data are taken from Ministry of Finance website & World bank website.
2. Team Members
1. Umaer Abdullah Zaki
2. Rashed Rayhan
3. Arif Ahmed
Dept. of Petroleum & Mining Engineering
Shahjalal University of Science & Technology
3. Bangladesh Development Update:
Building on Resilience
Highlights:
Robust economy with exports rebounding,
remittances recovering
GDP growth projected to be in the 6.5% - 7% range
during FY18-20
Poverty has been falling but the pace of poverty
reduction has slowed
4. Fiscal Policy & Fiscal
Management
• Strengthening Revenue Earning
• Expenditure Management
To Extent
Revenue Area
• Poverty Alleviation
• Socio-economic Development
Middle Income
Country
By 2021
• For Sustaining Higher Level of
Growth
Ensure
Macroeconomic
Stability
5. Fiscal Policy & Fiscal
Management
• According to the guidance in the 'Public Money and Budget
Management Act 2009' the government is conscious to
maintain the budget deficit within sustainable level.
Figure: Overall Budget Balance and Financing
6. Economic Growth
During last decade
• Maintained
sustainable growth.
• GDP growth > 6%
GDP growth of Bangladesh at percentage (2009-2019)
7. Prices, Wages & Employment
Consumer Price
Index
• Increased
double in past
decade
Containing
Inflation
• Smooth Food
Supply
• Prudent Fiscal
Policy
Overseas
Employment
• Lowering
Unemployment
• Poverty
Alleviation
• Swelling up
Foreign
Exchange
Reserve
8. Prices, Wages & Employment
Figure: Rate of inflation at national level
16. Shipbuilding, RMG, Higher
Education
Shipbuilding
• 40 Ships
Exported
• Worth 1425
crore BDT in
Past Decade
RMG
• 80% of Total
Export
• Employment
of 4.4 million
People
Higher
Education
• Students
competing in
global
knowledge
economy
• HEQEP