Updated
Updated · Bloomberg · Jun 11
Bangladesh Unveils $76.4 Billion Budget, Raising Spending 19% to Revive Growth
Updated
Updated · Bloomberg · Jun 11

Bangladesh Unveils $76.4 Billion Budget, Raising Spending 19% to Revive Growth

1 articles · Updated · Bloomberg · Jun 11

Summary

  • $76.4 billion — 9.38 trillion taka — is the size of Bangladesh's first budget under Prime Minister Tarique Rahman's new government for the fiscal year starting July 1.
  • The plan lifts spending 19% from a year earlier, with the government aiming to restart growth after political turmoil and economic disruption.
  • Higher tax revenue and foreign borrowing are set to finance the record outlay, signaling a more expansionary fiscal push.
  • Rahman's government is moving from election victory to economic policy after his party won a two-thirds majority in February.

Insights

Can Bangladesh's record budget revive its economy or will it trigger a debt crisis amid falling reserves?
Will the government that rose from a revolution deliver on its ambitious promises of jobs and justice?