18. Appendix-3.Indd
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Appendix -3 Bangladesh: Some Selected Statistics 269 Bangladesh: Some Selected Statistics Appendix -3 Table-I Trends in Major Macroeconomic Indicators Indicators FY16 FY17 FY18 FY19R FY20P 123456 1. GDP growth (at FY06 constant market prices) 7.11 7.28 7.86 8.15 5.24 2. Growth of broad money (M2) 16.35 10.88 9.24 9.88 12.66 3. Growth of GDP defl ator (base: FY06=100) 6.73 6.28 5.60 4.46 4.51 4. CPI Infl ation Rate (12-month average) 5.92 5.44 5.78 5.48 5.65 5. Foreign exchange reserves (billion USD) 30.17 33.49 32.94 32.72 36.04 6. Net foreign assets of the banking system (billion BDT) 2331.36 2666.97 2646.74 2724.00 2973.36 7. Exchange rate (BDT/USD, Period Average) 78.26 79.12 82.10 84.03 84.78 8. REER index as of end June@ 100.00 102.48 100.69 105.70 107.63 9. Per capita GDP in BDT (at current market prices) 108378.49 122152.42 137517.83 153577.93 166888.17 (As percentage of GDP) 10. Domestic savings 24.98 25.33 22.83 25.02 25.31 11. Investment 29.65 30.51 31.23 31.57 31.75 12. Revenue income 9.98 10.18 9.62 9.91 12.45* 13. Recurrent expenditures 8.33 8.33 7.95 8.57 9.83* 14. Revenue surplus (+) / Revenue defi cit (-) 1.65 1.86 1.67 1.34 2.62* 15. Annual Development Programme (ADP) 4.58 4.26 5.31 5.79 6.90* 16. Total expenditures 13.76 13.64 14.30 15.41 17.94* 17. Overall budget defi cit (excluding grants) -3.78 -3.46 -4.68 -5.46 -5.49* 18. Overall budget defi cit (including grants) -3.67 -3.42 -4.64 -5.43 -5.37* 19. Financing of overall budget defi cit (a+b) 3.67 3.42 4.64 5.43 5.37* a. Net foreign fi nancing 0.74 0.59 1.14 1.23 1.89* b. Net domestic fi nancing (i+ii) 2.93 2.83 3.50 4.20 3.48* i. Bank borrowings 0.61 -0.42 0.52 1.36 2.95* ii. Non-bank borrowings 2.32 3.25 2.98 2.84 0.53* 20. Government debt outstanding (i+ii) 27.66 27.02 28.05 29.61 31.68 i. Domestic debt 15.78 15.67 15.82 16.89 18.29 ii. External debt# 11.88 11.35 12.23 12.72 13.39 21. Current account balance : surplus(+)/defi cit(-) 1.92 -0.53 -3.49 -1.69 -1.47 R Revised, P Provisional base: FY06=100. @ base: FY16=100 with 15 currency basket. * Revised Budget for FY20. # Excluding IMF loan. Source: BB, BBS and Budget in Brief (various issues), MoF. 271 Appendix -3 Bangladesh: Some Selected Statistics Table-II (a) Medium-Term Macroeconomic Framework: Key Indicators Projection Indicators FY17 FY18 FY19 FY20 FY21 FY22 FY23 1 3 4 5 6 7 8 8 Real Sector Real GDP Growth (%) 7.3 7.9 8.2 5.2 8.2 8.3 8.4 CPI Infl ation (%) 5.4 5.8 5.5 5.6 5.4 5.3 5.2 Investment (% of GDP) 30.5 31.2 31.6 31.7 33.5 34.5 35.6 Private 23.1 23.3 23.5 23.6 25.3 26.6 27.7 Public 7.4 8.0 8.0 8.1 8.1 7.9 7.9 Fiscal Sector (% of GDP) Total Revenue 10.2 9.6 9.9 12.4R 11.9 12.1 12.2 Tax Revenue 9.0 8.6 8.9 11.2R 10.9 11.0 11.1 Of which NBR Tax Revenue 8.7 8.3 8.6 10.7R 10.4 10.5 10.6 Non-tax Revenue 1.2 1.0 1.0 1.2R 1.0 1.1 1.1 Public Expenditure 13.6 14.3 15.4 17.9R 17.9 17.1 17.2 Of which ADP 4.3 5.3 5.8 6.9R 6.5 6.5 6.5 Overall Balance -3.4 -4.7 -5.5 5.5R -6.0 -5.0 -5.0 Financing 3.4 4.7 5.5 5.5R 6.0 5.0 5.0 Domestic Financing 0.7 1.2 1.3 2.0R 2.5 2.1 2.1 External Financing (net) 2.8 3.5 3.9 3.5R 3.5 2.9 2.9 Money and Credit (Year-on-year % change) Domestic Credit 11.2 14.7 12.3 14.0 17.2 18.5 18.3 Credit to the Private Sector 15.7 16.9 11.3 8.6 16.7 16.8 16.8 Broad Money (M2) 10.9 9.2 9.9 12.7 12.5 12.5 12.5 External sector Exports f.o.b (% change) 1.7 6.7 9.2 -17.1 15.0 10.8 11.0 Imports f.o.b (% change) 9.0 25.2 1.8 -8.6 10.0 8.0 7.0 Remittances (% change) -14.5 17.3 9.6 10.9 15.0 10.0 10.0 Current Account Balance (% of GDP) -0.5 -3.5 -1.7 -1.5 0.1 0.4 0.8 Gross Foreign Exchange Reserve (Billion USD) 33.5 32.9 32.7 36.0 40.2 45.0 50.0 Forex Reserve in Months of Import 6.6 6.0 6.5 6.4 8.8 9.1 9.5 Memorandum Item GDP at current market prices (billion BDT) 19758.2 22504.8 25424.8 27963.8 31718 35834 40456 R According to Revised Budget for FY20. Source: Bangladesh Economic Review, 2020, MoF. 272 Bangladesh: Some Selected Statistics Appendix -3 Table II (b) Stimulus Package to address COVID-19 and Economic Recovery Allocation S. L Name of the package (billion BDT) 1 Special Fund for salary support to workers of export-oriented manufacturing industries including ready-made garments 50.00 2 Providing low interest working capital loans to affected industries and service sector enterprises to ensure their business continuation 400.00 3 Providing low interest working capital loans to micro, cottage, small and medium enterprises including cottage industries 200.00 4 Expanding the Export Development Fund (EDF) to USD 5 billion from USD 3.5 billion and setting its interest rate to only 2 percent to enhance the facility to import raw materials under back-to-back letter of credit 127.50 5 Introducing Pre-Shipment Credit Refi nance Scheme to enhance the capacity of exporters 50.00 6 Providing special honorarium equivalent to two months’ basic salary to the doctors, nurses, medical workers engaged in serving corona patients 1.00 7 Providing appropriate compensation to doctors, nurses and health workers engaged in serving corona patients as well as to employees of fi eld administration, law enforcement agencies, armed forces and other directly involved government employees engaged in implementing instructions of the government in case of coronavirus infection, or providing appropriate compensation to their families in case of death 7.50 8 Free distribution of 5 lakh metric tons of rice and 1 lakh metric tons of wheat to the poor who have suddenly become jobless due to the coronavirus outbreak 25.00 9 Selling rice at BDT 10 per kg under the Open Market Sale (OMS) among low-income people badly affected by the coronavirus outbreak 7.70 10 Providing direct cash transfer of BDT 2,500 each to 50 lakh benefi ciary families across the country to protect the ultra-poor who have become jobless and lost their income due to the outbreak of corona virus 12.58 11 Increasing the number of benefi ciaries of old age allowance, widow and divorcee allowance and disability allowance by a total of 11 lakh to protect the poor from the adverse effects of coronavirus 8.15 12 Allocating fund for the construction of home for homeless people affected by the coronavirus 21.30 13 Increasing the target for procurement and distribution of paddy by 2 lakh metric tons to ensure fair price of paddy and keep the price of rice stable in the market in the aftermath of the coronavirus outbreak. 8.60 14 Providing support for farm mechanization 32.20 15 Enhancing the amount of agricultural subsidy 95.00 16 Establishing an Agriculture Refi nance Scheme to ensure easy loans for farmers 50.00 17 Establishing a refi nance scheme for low income professionals, farmers, and small traders 30.00 18 Providing low interest loans to rural poor farmers, expatriate migrant workers and trained youth and unemployed youth for establishing business and self-employment in agriculture and agro- related production and services, small business, small and cottage industries 20.00 19 Providing subsidy for partial remission of commercial bank’s suspended interest of April and May of 2020 20.00 20 Credit guarantee scheme for the SME sector 20.00 21 Social safety net program for the helpless workers in the RMG, leather goods and footwear industries 15.00 Total (In BDT) 1201.53 Total (in USD) 14014 million As % of GDP 4.30 Source: Bangladesh Economic Review 2020, MoF. 273 Appendix -3 Bangladesh: Some Selected Statistics Table-III Trends in Gross Domestic Product (GDP), Investment and Savings (Billion BDT) Items/Sectors FY13 FY14 FY15 FY16 FY17 FY18 FY19R FY20P 1 2345678 9 1. GDP (at current market prices) 11989.2 13436.7 15158.0 17328.6 19758.2 22504.8 25424.8 27963.8 2.