Finance Minister Amir Khasru Mahmud Chowdhury has stressed the need to build an investment-driven economy by reducing dependence on debt in order to place the country's economy on a stronger and more sustainable footing.
He said Bangladesh should move away from the debt-led growth model pursued in the past and focus instead on boosting production, employment and private investment.
The minister made the remarks while speaking to reporters after an emergency meeting with the Prime Minister at the Secretariat on Wednesday.
He noted that increasing investment is essential for ensuring the long-term stability of the economy and added that there is no alternative to attracting greater private investment to sustain economic growth.
The Finance Minister said that the next budget is being formulated in such a way that the participation of people from all classes and professions in the country is ensured. At the same time, importance is also being given to ensuring that the benefits of the budget reach the common people.
He said that the next budget is being given by thinking about every person in the country. The government wants to ensure everyone's participation in the budget economy.
Highlighting the current economic reality of the country, the Finance Minister said that the economy is in a weak state due to past irregularities and looting. However, the government is working to revive the economy by addressing existing challenges.
Amir Khasru Mahmud Chowdhury said that despite the fragile economic situation, he is optimistic that the new budget will make a positive start. He also informed about the plan to take the economy forward by creating an investment-friendly environment, increasing employment, and expanding the productive sector.
Reiterating the goal of transforming the country into a trillion-dollar economy, the Finance Minister said that increasing private sector investment and accelerating various sectors of the economy are very important to achieve that goal.
