The ministry of finance estimated that the growth of the country’s gross domestic product would not drop below 6.5 per cent in the current fiscal year, said the ministry officials.
The macro wing under the ministry was going to submit the provisional assessment before the coordination committee on macro-economy and budget at a meeting on Thursday.
Headed by finance minister AMA Muhith, the committee will revise 7.2 per cent growth, fixed in last June, they said.
The World Bank and International Monetary Fund have already lowered the growth rate below 6 per cent due to disruption in economic activities in the run up to the controversial general election boycotted by major opposition.
On January 20, Muhith lowered the GDP growth to 6.3 per cent.
The macro wing of the ministry of finance in its assessment argued that the economic activities were affected less than it was apprehended.
Export performance during the first-half of the current financial year recorded at US$ 14.68 billion with 16.56 per cent growth despite unrest. Import was picking up, it said.
The macro wing, however, assessed that lower than expected revenue generation was the only concern for the government.
Former caretaker government adviser Mirza Azizul Islam said falling revenue was not the only negative indicator of the economy. Falling investment was the other key concern, he said, adding that more than 6 per cent growth in the current fiscal year was unlikely.
-With New Age input
