Bangladesh has unveiled a 9.38 trillion taka, or $77 billion, national budget targeting 6.5% economic growth. The announcement matters because it outlines the country’s economic direction amid inflation and financial pressures. Citizens, businesses, and investors are directly affected by the policy priorities.
The budget covers the fiscal year beginning in July and signals a more expansionary approach. Officials said the plan aims to restore macroeconomic stability and strengthen purchasing power. The government also targets inflation at 7.5% during the same period. Authorities linked the plan to broader efforts to revive slowing growth.
Spending will rise significantly under the new budget framework. Development expenditure is set to increase sharply, reflecting a push for infrastructure and investment. The government has also set an ambitious revenue target to support higher spending. Officials said foreign borrowing will play a larger role in financing the deficit.
Finance Minister Amir Khosru Mahmud Chowdhury said reforms in taxation, banking, and public finance are central to the plan. He said the strategy focuses on investment, production, employment, and fairness. The government also aims to support the garment sector, which remains the backbone of exports. Growth has slowed in recent years due to structural and external challenges.
Meanwhile, the administration said it is seeking international financial support, including from the IMF. The budget follows political changes after the 2024 transition of power. Officials said structural weaknesses and global shocks have weighed on performance. Further reforms are expected as the government works to stabilise the economy.