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Muhith seeks another mandate for AL to implement 'Vision 2041'

Published : Thursday, 7 June, 2018 at 3:12 PM Count : 809

Finance Minister AMA Muhith has sought another mandate for the ruling Awami League to take forward the agenda of Vision 2041.

Praising Prime Minister Sheikh Hasina for his role for the country's progress, he said,"Jananetri (people’s leader) Sheikh Hasina declared that the country would graduate to a middle income one by 2021. We are fortunate that we were able to graduate to middle income country in 2015.

Presenting this year's budget speech titled “Bangladesh on a Pathway to Prosperity” at Parliament on Thursday, the minister said, "The continuation of this unstoppable journey and ensuring the overall self-determination of the people call for competent leadership and the continuity of development planning."

He went on : "We will have to add momentum to the development activities and to the task of creating employment opportunities for the huge labour force. We need to continue our endeavours for building growth-inducing infrastructures like communication-power-energy and creating investment-friendly environment."

"Following Vision 2021, we are presenting an outline of that long and enduring process in Vision 2041," Muhith said adding, "I am  confident, the people will stand by us by offering another mandate for implementing Vision 2041, as they did while taking forward the agenda of Vision 2021."

He said in the past 10 years starting from 2009,  Bangladesh achieved the average GDP growth rate of 6.6 per cent while the
developing economies’ average GDP growth was 5.1 per cent, public investment rose to 8.2 per cent from 4.3 per cent.

Besides, per capita income increased from US$759 to US$1,752, inflation declined from 12.3 per cent to 5.8 per cent, revenue-GDP ratio rose to 10.3 per cent from a low of 9.2 per cent, the size of budget grew from Tk. 89,000 crore to Tk. 4,64,573 crore, annual export registered an increase from US$15.6 billion to US$34.8 billion, annual import stood at US$47.0 billion increasing from US$22.5 billion and the forex reserve increased from US$7.5 billion to US$32.2 billion.

Meanwhike, the rate of poverty declined to 24.3 per cent from 31.5 per cent and extreme poverty rate reduced to 12.9 per cent from 17.6 per cent during the period, he added.

The finance minister informed that Bangladesh has made rapid progress in human resource development compared to many of her neighbours.

"In 2009, while the value of our Human Development Index (HDI) was 0.535 it is now 0.579 according to Human Development Report (HDR) 2016 published in 2017," he added.




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