A higher economic growth remains high on the government’s agenda for reducing poverty and inequalities that will lead to improved living standard of the low-income people, according to a document in the upcoming national budget.
To achieve this goal, the government is seeking to bring more vulnerable groups under the social safety network, create local and overseas employment, increase microcredit and skills training.
These sectors will receive higher attention in the 2021-22 fiscal budget, said the document.
It said that one of the basic commitments of the government is to achieve higher economic growth through sustainable and inclusive development.
The growth rate for fiscal 2021-22 has been set at 7.2 per cent.
In formulating the budget, priority has been to implement plans for the creation of investment-friendly environment, promotion of export, business-friendly tax management, reforms in the financial sector and increase public investment through Tk 225,324-crore Annual Development Programme.
The aim is to achieving higher growth.
In the ADP, the focus is on strengthening the health sector infrastructure, establishing the social safety net and removing infrastructural bottlenecks to promote private sector investment.
Another important goal of the government will be to ensure timely implementation of all nationally important projects including mega projects in the infrastructure sector to sustain the higher growth rate.