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Kamal happy with GDP growth, per capita income attained in FY20

Finance Minister AHM Mustafa Kamal
today expressed his satisfaction at the 5.24 percent GDP growth rate
and $2,064 per capita income attained by the country in the last
fiscal year (FY20).

Kamal expressed the satisfaction at the beginning of a virtual
coordination meeting with the secretaries of the Finance Division,
Financial Institution Division, Internal Resources Division and the
Economic Relations Division (ERD) held today, said a Finance Ministry
press release.

At the very outset of the meeting, the Finance Minister also
thanked the countrymen and the Prime Minister for such attainment in
the economic sector.

He said these four divisions under his ministry have been working
as a team and these would need to work intensively to keep up the pace
of macroeconomic indicators in the coming days.

The Finance Minister said the concerned agencies would have to be
more careful in mobilization of local and foreign resources as well as
in prudent cost management for properly implementing the budget for
the current fiscal year (FY21).

He said although such meeting could not take place for the last
couple of months due to the coronavirus pandemic, but from now on this
meeting would take place in every three months.

NBR Chairman and Internal Resources Division Secretary Abu Hena Md
Rahmatul Muneem, Financial Institution Division Senior Secretary Md
Ashadul Islam, Finance Division Secretary Abdur Rouf Talukder and ERD
Secretary Fatima Yasmin attended the meeting.

ERD Secretary Fatima Yasmin informed that disbursement of foreign
assistance at the end of the last fiscal year totaled $1.732 billion
from various development partners as budget support.

The Finance Division Secretary sought support from the NBR to keep
the budget deficit within six percent of GDP in the current fiscal
year.

(BSS)

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