GDP Growth Calculation: Finance minister dismisses CPD’s suspicion
Finance Minister AHM Mustafa Kamal has dismissed the Centre for Policy Dialogue’s suspicion over the calculation of country’s high GDP growth, saying poverty has eroded significantly in the country since 2001.
He said the rate of poverty has been reduced to 20 percent from 56.7 percent in 2001 and that it would not have been possible without a high GDP growth rate.
The minister came up with the remarks while talking to the journalists at the planning ministry yesterday.
When reporters raised the CPD’s allegation that it had failed to get information from the government entities to analyse the GDP growth, Kamal, in reply, asked why the government would provide information to the CPD.
“I would have satisfied if the CPD had analysed its data considering the ongoing situation in the global economy,” he said, adding that he was yet to read the analysis.
CPD on Sunday questioned the country’s eight percent plus GDP growth, saying it came without a proportionate rise in private sector investments.
The minister also raised questions about the revenue source of the CPD and said the think tank should reveal its income source.
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