Fiscal Balance in Bangladesh

Bangladesh Fiscal Balance | Economic News & Forecasts

Bangladesh - Fiscal Balance

Economic growth accelerated in fiscal year 2019, which ended in June, according to early GDP estimates. The external sector propelled the acceleration, as export growth soared and import growth slowed. This, alongside stronger remittance inflows, also helped to nearly halve the current account deficit. Conversely, domestic demand lost steam. Turning to FY 2020, remittances rebounded robustly in July after falling in June for the first time in seven months, which bodes well for private consumption growth in the first quarter. However, a one-third increase in natural gas prices and a new value-added tax on goods and services, both of which took effect on 1 July, could restrain consumer spending. Moreover, an ongoing dengue outbreak could hit economic activity, as thousands of people have been hospitalized across the country and over one hundred people have died so far.

Bangladesh - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-3.4  -3.1  -4.0  -3.4  -3.3  

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Bangladesh Fiscal Balance Chart

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

Bangladesh Facts

Exchange Rate84.500.14 %Sep 04

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