The main vision and mission of fiscal policy are collecting revenue and controlling expenditures by continuing economic stability, investment-friendly situations, poverty alleviation, and skilled manpower. According to the budget management act-2009, this country is allowed to accept a deficit budget. The total revenue collected by the Bangladeshi government in 2019 was TK 350795 billion and … Read more
Foreign employment and remittance of Bangladesh Foreign employment and remittances have a lot of contributions in reducing unemployment, poverty reduction, foreign currency reserve, and overall countries’ economic development. Most of the migrant workers of this country work in Middle East countries. The government has established Probashi Kallyan Bank to encourage immigrants on investing to this … Read more
Savings of Bangladesh In Bangladesh, the saving rate is very low because of low employment. The national saving bureau has taken different steps to increase the overall savings of Bangladesh. The gross domestic savings of Bangladesh is TK 7,077,060 million in 2019-20 which was TK 6,362,165 in 2018-19. The gross Gross National saving in 2019-20 … Read more
Every year, inflation increases the price of commodities in Bangladesh. The government of BD is trying to control this. The inflation rate is around 5.5% in 2020. Inflation is a situation when the actual value of money decreases. You have to pay more money to buy the same products in times of inflation. Generally, inflation … Read more