Ukraine war: GDP growth target to be revised if needed

Says Kamal
Star Business Report

Bangladesh's growth target will be revised if the situation of the Ukraine-Russia war worsens, said Finance Minister AHM Mustafa Kamal yesterday.

If necessary, the targets for the current and next financial years would also be revised, the minister said responding to a question from reporters after a meeting of the cabinet committee on public purchase.

"Our GDP growth target is 7.2 per cent in the current fiscal year and 7.5 per cent in the next fiscal year," he said, adding that these targets were set earlier and have been kept unchanged. But if the war situation worsens, these targets need to be revised," Kamal said.

Asked whether the price of gas, electricity and fertiliser would be increased to reduce the pressure of subsidy in the budget, he said the government will decide in this regard later.