Md Deen Islam

The year 2024 stands out as one of the most eventful and challenging periods in Bangladesh’s economic history. The nation grappled with an unprecedented banking crisis, soaring inflation, and several persistent macroeconomic challenges. These included low foreign exchange reserves, high youth un

Traditional contractionary policies may not be suitable for Bangladesh’s unique economic structure.

Several economic theories help explain the current scenario.

The recent correction of nearly $14 billion in export figures by the Bangladesh Bank (BB) has led to significant changes in the financial account of the balance of payments (BoP). The financial account, a crucial component of the BoP, turned positive after more than a year due to this correction.

One of the critical macroeconomic challenges Bangladesh is currently facing is the depletion of foreign exchange reserves and increasing depreciation pressure on the exchange rate.

The budget for fiscal 2024-25 proposes a total expenditure of Tk 797,000 crore with a total tax revenue of Tk 541,000 crore, resulting in a deficit of Tk 256,000 crore.

A total expenditure of Tk 797,000 crore has been proposed with a total tax revenue of Tk 541,000 crore, resulting in a deficit of Tk 256,000 crore

Gross investment in Bangladesh has declined from more than 32 percent of GDP to about 31 percent.