The National Budget for FY2022–23 was placed in the Parliament during June 2022. It was approved at a time when Bangladesh’s economy had been confronting a number of domestic and external challenges. The economy has yet to come out from the post-covid challenges. Owing to the Ukraine-Russia War, the disruption in the global supply chains, particularly related to the energy supply chains, has made a significant adverse impact on the domestic economy. The ongoing war has posed short to medium-term threats to the global energy market in terms of energy supply, energy price, energy sustainability and future clean energy targets. Hence, the National Budget needs to take into account the energy and power sector-related concerns in terms of fiscal measures and budgetary allocations.
Authors: Khondaker Golam Moazzem, Helen Mashiyat Preoty and Chowdhury Fariha
Publication period: March 2023