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Monitoring of National Economy

In spite of higher score the ranking is not impressive for Bangladesh: GCR 2016-17

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Bangladesh has moved one notch upward in the global competitiveness ranking by securing 106th position among the 138 countries. However, Bangladesh is still an under performer in the ‘Basic Requirement’ sub index of the competitiveness. In terms of score, Bangladesh has received 3.80 out of 7 which is an increase …

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Implementation Capacity & Reforms Key to Realising National Budget FY2017

Analysis-of-National-Budget

The government needs to strengthen its institutional capacity and bring in necessary policy reforms to implement the national budget for FY2016-17. The scopes of investment from private sector needs to be encouraged and facilitated to source envisioned growth in the economy.. These views were shared at CPD media briefing on …

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Dearth of institutional capacity constraining higher economic growth

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The growth of the Bangladesh economy was strong and resilient throughout the FY2016 against a number of formidable challenges. Bangladesh will need to undertake the necessary policy reforms and institutional capacity development measures if the aspiration for higher economic growth is to be realised in the upcoming FY2017. Along with …

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Qualitative improvement of budgetary framework necessary for higher economic growth to sustain

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The gaps between fiscal projection and actual implementation are being widened every year. Between FY2009 and FY2016, the gaps have increased for almost all major components of the fiscal framework where the net foreign borrowing is the weakest, followed by ADP and revenue mobilisation. A qualitative improvement of fiscal and …

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A special SME economic zone urged in Bogra: CPD pre-budget dialogue

Development of the SME Sector in Bogra (0)

Specialised economic zone is needed in Bogra for Small and Medium-sized Enterprises (SMEs). Besides, appropriate infrastructure and communication development is must to support and encourage entrepreneurs in this sector. The government should focus on necessary budgetary allocations and fiscal-monetary incentives to support the growth of SMEs in Bogra. Special attention …

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CPD proposes a policy package to mitigate worrying signs in the economy

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The government needs to take advantage of the relative macroeconomic stability to stimulate private sector investment in FY2015-16. In view of this, CPD, in its report on State of the Bangladesh Economy in FY 2015-16 (First Reading) proposed a comprehensive policy package.   CPD released the aforesaid report to the media …

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CPD special lecture on the National Budget FY2016 for students

  CPD briefed students of East West University (EWU) regarding the macroeconomic context of the budget for FY2015-16, its proposed macroeconomic outlook and the budget making process as part of the special lecture series for university students. On behalf of CPD, Research Fellow Mr Towfiqul Islam Khan delivered the lecture …

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Reforms should abate ‘last quarter syndrome’ of budget implementation

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The government should put in place necessary economic and institutional reforms to come out of the culture of hasty public expenditure during the last quarter of a fiscal year. The reforms are also expected to improve the quality of ADP implementation that currently suffers from the ever-increasing number of projects …

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Budget FY2016: Financing structure of successive budgets becoming fragile

(left) Khondaker Golam Moazzem, Mustafizur Rahman, Debapriya Bhattacharya, Towfiqul Islam Khan and Anisatul Fatema Yousuf

The quality of fiscal planning is deteriorating over the last four years which is likely to continue while revenue collection targets set by the FY2016 budget may remain underachieved again. Budgeting in Bangladesh continues to lack benchmarks on progress, expansion and plans concerning various measures and initiatives from the earlier …

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CPD for economic reforms to achieve growth breakthrough beyond six pc

Bangladesh should take advantage of its current macroeconomic stability to drive economic and institutional reforms in order to break the stagnant 6 percent growth. In this regard, the seventh five-year plan, policy coherence, strengthened governance and quality of public expenditure will be critical for realising the growth and development targets …

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National subsidy policy in Bangladesh urged: CPD

By analysing the coherence of existing subsidy distribution policies, a comprehensive national subsidy policy should be formulated to ensure governance and financial transparency of subsidy distribution mechanism and propose viable and beneficial alternatives when applicable. The observation emerged from a dialogue on “Subsidy Management in Bangladesh: Efficiency and Equity Issues,” held in Lakeshore …

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