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Tuesday, February 19, 2013

Internship Report

The overall economic condition of Bangladesh


1. INTRODUCTION

The stream issue of Bangladesh sparing Update focuses on the overall economic condition of Bangladesh curiously in the half way of FY 2011-12. The issue investigates the welkin-wise performance of current financial year in light with the targets set in subject field budget of FY 2011-12, Medium Term Macroeconomic mannikin (MTMF), Medium Term Budgetary Framework (MTBF) and other national plans, policies and goals. The issue also tries to explore current implementation spatial relation and of Annual Development Programme (ADP), and makes projection thereof.

2. MACROECONOMIC SCENARIO

gross domestic product
In FY 2010-11, the total amount of GDP in terms of taka was 7874.95 trillion (in current market price) in which Tk. 1403.81 trillion came from agricultural sector, Tk. 2174.88 billion from industrial sector and Tk. 4037.92 billion from service sector. The target of GDP in FY 2011-12 is Tk. 8996.70 billion in which the contribution of agricultural sector is projected to be Tk. 1506.87 billion, while industrial and service sector might contribute Tk. 2351.10 billion and Tk. 436064 million respectively.

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GDP Growth
The presidency has targeted to achieve the GDP growing rate of seven portion in FY 2011-12 based on assumptions of further improvements in the global and domestic economy and taking into account the expected impacts of reforms initiated in various sectors. In FY 2011-12, according to task usual scenario, the growth rate of GDP might be at 6.82 per centum but the MTMF projection is seven portion. The gap between business as usual scenario and MTMF projection might be 18 partage point. In FY 2010-11, the growth rate of GDP was 6.66 percent that was 59 percentage points more than that of the previous fiscal year. However, in FY 2011-12, the growth rate of GDP might be 6.82 percent that is only 16 percentage points more than that of the previous fiscal year.


Savings and Investment
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