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Govt yet to take any decision on subsidy or inflation management: Finance Minister

Finance Minister AHM Mustafa Kamal has said that the government is yet to take any decision on subsidy or inflation management.

“So far we have been working on the basis of the GDP growth target set for the current fiscal year,” he told reporters after the meeting of the Cabinet Committee on Public Purchase on Wednesday.

He said the government did not change its 7.2 percent GDP growth target for the current fiscal 2021-22 and is considering 7.5 percent for the next fiscal year.

The finance minister came up with the remarks when reporters asked him why Bangladesh is going to make a high growth projection when international donor agencies like World Bank, IMF and ADB have made a downward global growth projection.

Kamal mentioned that the government still believes that the deficit budget target would be possible to be achieved until any uncertainty is created due to the global situation.

He said all the countries in the world are facing the price hike and inflation problem following the Russia-Ukraine war. “But we are in a better position in inflation management.”

Mentioning the war he said more or less all the countries have been affected by the war and Bangladesh is not out of the impacts.

“As of today there is no visible sign to end the war immediately, but we expect that the war will end soon,” said Kamal.

Source: United News of Bangladesh