Bangladesh remittance inflow
Bangladesh economy relatively in good shape: PM
Prime Minister Sheikh Hasina on Wednesday said Bangladesh’s economy is more or less in a good shape now although the COVID-19 pandemic has dealt a severe blow to it as elsewhere in the world.
"We’ve announced our budget…don’t know how long we can do it (for implementing the budget), but we’ve to take our preparations. If things go well, we’ll be able to achieve the full. If it’s not, then we’ll see…we won’t step back. We placed our budget to keep our economy moving," she said.
The Prime Minister said this while addressing a meeting of Awami League presidium members at her official residence Gabobhaban.
She said Bangladeshi expatriates are facing some difficulties due to the COVID-19 and some of them have to return home.
Sheikh Hasina said many feared that the remittance will experience a setback in this pandemic, but it showed the opposite trend.
"Our remittance inflow has increased. It’s now USD 39.4 billion. We’re giving two percent special incentive for sending remittance….and our foreign currency reserve is now in a good shape as well," she said.
In the budget, Hasina said, the government fixed its deficit at 6 percent. In the last few years, the budget deficit was fixed at five percent. "We would have made it 10 percent had it needed. But it didn’t require..."
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