Investor Presentaiton
7. Do the macroeconomic targets in the budget FY2023-24 make sense?
FY24 Projection by
FY22 Actual
Indicators
FY23 Projection by
MTMF 2022
FY23 Latest Outcome
MTMF 2023
5.6
8.8
CPI inflation (%)
6.2
(May 2023)
6.0
Private Sector Credit
15.0
11.3
(growth in %)
13.7
(As of end April 2023)
15.0
20.0
7.1
Export (growth in %)
33.4
(July-May 2023)
12.0
12.0
-12.4
Import (growth in %)
35.9
(July-Mar 2024)
8.0
Remittances (growth in
16.0
1.1
%)
-15.1
(July-Mar 2024)
10.0
Foreign Exchange
46.5
29.9
Reserve (bln. US$)
42.7
Exchange Rate (BDT per
USD)
86.3
86.2
(As of end May 2023)
98.3 (July-April 2024)
108 (as of 31 May 2023)
35.8
104.0
• No clear indication about the total accumulated external payment arrears
• Not sure how in FY24 import will grow, forex reserve will improve, and exchange rate (Tk.
108 per USD as of 31 May 2023) will appreciate at the same time in FY2024
National Budgets in Bangladesh: Myths and Realities
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