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There is a lively ongoing debate about the likely economic and social impact of the FY2019 budget. Much attention has been given to
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Finance Minister AMA Muhith presented the FY2018-19 national budget to parliament yesterday. This is a historic event in the sense that it is his tenth consecutive budget that reflects the continuity in fiscal management.
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Bangladesh should be justifiably proud of its development achievements and this progress accelerated over the past decade.
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Bangladesh has set an ambitious target to eliminate extreme poverty by FY2031. The results of the latest Household
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Research done for the Perspective Plan 2041 (PP2041) exercise suggests that in order for Bangladesh to implement a green growth strategy to ensure consistency of growth and poverty reduction targets with environmental protection, Bangladesh needs to increase its spending on environmental protection and climate change related programmes from 1 percent of GDP now to 3 percent of GDP by FY2031 and to 3.5 percent of GDP by FY2041.
