A Budget for Middle-Income Aspirations

On June 2, the Honorable Finance Minister, Mr. Abul Maal Abdul Muhith will present the National Budget for the eight consecutive time (and 10th, overall). We already know that the budget size will exceed BDT 3.40 trillion. The size is put into context by the fact that Bangladesh’s GDP has almost doubled in the last five years, from ~US$ 100 billion to ~US$ 200 billion. Noteworthy is the widespread media attention the budget has generated via pre-budget debates and commentaries. This is heartening, given the importance of the National Budget and regulatory policies to the aspirations of a market economy in which 90% of activities stem from the private sector.

 

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