Fiscal Balance in Bangladesh

Bangladesh Fiscal Balance | Economic News & Forecasts

Bangladesh - Fiscal Balance

The economy likely grew at a strong pace in the first half of fiscal year 2020, which started in July. USD-denominated remittances increased year-on-year by approximately one-quarter in H1 FY 2020, which should have buttressed private consumption. In addition, wages of low-skilled workers, as measured by the Central Bank, increased at a healthy pace in the same period, while bank lending increased by just over 10% in July–November. All in all, domestic demand looks firm in H1 2020, despite the introduction of a new VAT regime, which reduced exceptions for many essential consumer goods, and a one-third increase in natural gas prices on 1 July. Less positively, however, exports of goods decreased by nearly 6% year-on-year in the first half of the fiscal year, largely due to a drop in ready-made garment exports.

Bangladesh - Fiscal Balance Data

2014   2015   2016   2017   2018  
Fiscal Balance (% of GDP)-3.1  -4.0  -3.4  -3.3  -4.7  

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Bangladesh Fiscal Balance Chart


Bangladesh Fiscal
Note: Fiscal balance as % of GDP
Source: IMF

Bangladesh Facts

Value Change Date
Exchange Rate84.890.14 %Jan 01

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