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Export earnings witness 11.69% growth in FY 13-14
The per capita income of Bangladesh is now $1,190 in the current fiscal year 2013-14, which is $146 higher than earlier.
The Cabinet Division made the disclosure in its report, prepared with the supports of all of the ministries and divisions, published on Monday.
The report was placed in the regular cabinet meeting at the secretariat with Prime Minister Sheikh Hasina in the chair.
According to the report, the annual inflation of Bangladesh has now declined to 6.97% from the previous 8.06%, reducing around 1.09%.
The reserve of foreign exchange rose into $21.5bn in the fiscal year 2013-14, the report said.
The overall revenue collection showed an 8.35% growth at the end of FY 13-14, while the foreign currency reserve totalled $21.5 billion at the end of FY 13-14 with a 40.44% growth.
The exchange rate remained stable in the last fiscal year while the point-to-point inflation rate came down to 6.97% in FY 13-14 from 8.06% in FY 12-13.
The ADP utilisation rate in FY 13-14 reached to 93.11% with expenditure of TK59,580 crore.
Some 239 development projects were completed in the last fiscal out of the earmarked 242 projects, Cabinet Secretary M Musharraf Hossain Bhuiyan said.
He said in the last fiscal, the expenditure in the social safety net programmes increased to TK 26,654 crore, the agricultural production increased alongside the progress of use of ICT, the mobile phone users increased to 11.62 crore up till June 2014, the internet users increased to 3.89 crore while tele-density increased to 77.91%.
The cabinet secretary also said there has been marked improvement in the health, education, communication and power sectors in the last fiscal.
He said some 69 State Owned Enterprises (SoEs) turned out to be profitable in FY 13-14, while 19 became loosing concerns including the Bangladesh Petroleum Corporation (BPC).
The report also recommended the government to further strengthen on inter-ministerial meetings to expedite policy and programmes, capacity building of the implementing agencies to help ADP utilisation alongside extensive monitoring, taking more initiative to fill up the vacant posts, load management of power and tackle misuse, imparting training to more volunteers for tackling natural disasters, creating more awareness about controlling food adulteration and extending the e-tendering activities.
State Minister for Labour and Employment Mojibul Haque Chunnu told the Dhaka Tribune though the prime minister expressed satisfaction over the progress report, she asked the authorities concerned to fill up the vacancies of the administration shortly to speed it up.
She also asked the high officials of the ministries and divisions to enhance monitoring on implementation of the annual development programmes and projects as 100% achievement may turn out.
Musharraf said the report also recommended holding public hearings in other district level public offices including the deputy commissioners to upazila level public offices to hear the problems of mass people and solve them immediately.
- See more at: Per capita income reaches to $1,190 | Dhaka Tribune
The per capita income of Bangladesh is now $1,190 in the current fiscal year 2013-14, which is $146 higher than earlier.
The Cabinet Division made the disclosure in its report, prepared with the supports of all of the ministries and divisions, published on Monday.
The report was placed in the regular cabinet meeting at the secretariat with Prime Minister Sheikh Hasina in the chair.
According to the report, the annual inflation of Bangladesh has now declined to 6.97% from the previous 8.06%, reducing around 1.09%.
The reserve of foreign exchange rose into $21.5bn in the fiscal year 2013-14, the report said.
The overall revenue collection showed an 8.35% growth at the end of FY 13-14, while the foreign currency reserve totalled $21.5 billion at the end of FY 13-14 with a 40.44% growth.
The exchange rate remained stable in the last fiscal year while the point-to-point inflation rate came down to 6.97% in FY 13-14 from 8.06% in FY 12-13.
The ADP utilisation rate in FY 13-14 reached to 93.11% with expenditure of TK59,580 crore.
Some 239 development projects were completed in the last fiscal out of the earmarked 242 projects, Cabinet Secretary M Musharraf Hossain Bhuiyan said.
He said in the last fiscal, the expenditure in the social safety net programmes increased to TK 26,654 crore, the agricultural production increased alongside the progress of use of ICT, the mobile phone users increased to 11.62 crore up till June 2014, the internet users increased to 3.89 crore while tele-density increased to 77.91%.
The cabinet secretary also said there has been marked improvement in the health, education, communication and power sectors in the last fiscal.
He said some 69 State Owned Enterprises (SoEs) turned out to be profitable in FY 13-14, while 19 became loosing concerns including the Bangladesh Petroleum Corporation (BPC).
The report also recommended the government to further strengthen on inter-ministerial meetings to expedite policy and programmes, capacity building of the implementing agencies to help ADP utilisation alongside extensive monitoring, taking more initiative to fill up the vacant posts, load management of power and tackle misuse, imparting training to more volunteers for tackling natural disasters, creating more awareness about controlling food adulteration and extending the e-tendering activities.
State Minister for Labour and Employment Mojibul Haque Chunnu told the Dhaka Tribune though the prime minister expressed satisfaction over the progress report, she asked the authorities concerned to fill up the vacancies of the administration shortly to speed it up.
She also asked the high officials of the ministries and divisions to enhance monitoring on implementation of the annual development programmes and projects as 100% achievement may turn out.
Musharraf said the report also recommended holding public hearings in other district level public offices including the deputy commissioners to upazila level public offices to hear the problems of mass people and solve them immediately.
- See more at: Per capita income reaches to $1,190 | Dhaka Tribune
