Fiscal Balance in Bangladesh
Bangladesh - Fiscal BalanceThe 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
|Fiscal Balance (% of GDP)||-3.1||-4.0||-3.4||-3.3||-4.7|
5 years of economic forecasts for more than 30 economic indicators.
Bangladesh Fiscal Balance Chart
|Exchange Rate||84.89||0.14 %||Jan 01|
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