Bangladesh budget for 2017-18 fiscal to top Tk 4 trillion: Finance minister

[Mage]

Taka domestic inflation is way more important than appreciation/depreciation with USD or any other currency. In fact the former governs much of the latter to begin with.

Aye. Inflation has to be kept on check. I was trying to imply this somehow in my post....but I guess it was too abstract...

 

[Homo Sapiens]

4.2 trillion Tk. equals to 53 billion US Dollar.So budget will increase 10 billion dollar in just one year.Not bad.

Looks like in the next year our budget will cross Myanmar's total GDP.
@Aung Zaya

 

[bluesky]

Why this fascination with USD?

No, next time BD will think in the weak Canadian dollar, perhaps.

 

[Mage]

Next year our budget will cross Myanmar's total GDP.
@Aung Zaya

Nothing to be proud of

 

[Homo Sapiens]

Nothing to be proud of

I know.But Burmese always try to play superior with us.That's why a little needling.

 

[Nilgiri]

No, next time BD will think in the weak Canadian dollar, perhaps.

You should learn to think in Taka. Thats the bread and butter of the small economy you have.

Looks like in the next year our budget will cross Myanmar's total GDP.

Your economy is 100% trade with the world using USD? Thats interesting.

In that case it would make Myanmar economy much larger than yours.

Nothing to be proud of

Yeah given that its a false statement to begin with from an economy featherhead:

https://defence.pk/pdf/threads/report-bangladesh-to-overtake-malaysia-by-2050.480099/#post-9243974

 

[bluesky]

You should learn to think in Taka. Thats the bread and butter of the small economy you have.

Please do not teach us about economy. Dollar is the standard to measure throughout the world. You are here to find all kinds of superficial faults. You are a guy born with negative minded special DNA.

 

[Nilgiri]

Dollar is the standard to measure throughout the world.

You buy everything within BD using US dollars? You eat it too (given BD food consumption is 50%+ of household expenditure)?

Or do physical things and the local currency used for transaction of that matter more?

When measuring across the world, you have to actually fundamentally understand what each measure is actually measuring.

Please do not teach us about economy.

It seems teaching to you (and its really disturbing thats the case). But this is much more basic than that.

 

[bluesky]

I know.But Burmese always try to play superior with us.That's why a little needling.

Oh, what a phenomenon!!! When Burmese GDP is around $62 billion, the BD annual budget the next fiscal (2017-2018) is a huge $53 billion. Burma has so many natural resources. However, their xenophobic mind will cause it to remain behind us forever. They do not have good managers organize their businesses, because they have expelled all the educated and hard working Indians after 1948. Their agriculture is faltering because they are expelling the hard working Rohingyas who produce food and other crops.

 

[Nilgiri]

Burma is clearly superior to BD, no need to try needle:

http://data.worldbank.org/indicator/NY.GDP.PCAP.PP.CD?locations=MM-BD

Per capita GDP (PPP) (2015):

BD = 3340 (average growth rate of last 3 years = 6.5%) ,
MM = 5250 (avg growth = 8.6%)

Its no surprise given the consumption of basic items between the two:

https://knoema.com/SSY2014/steel-statistical-yearbook-2016?tsId=1023760

BD steel consumption per capita = 26.1 kg (2015)
MM steel consumption per capita = 48.3 kg (2015)

Railways km travelled per capita(2014):

BD: 45.9
MM: 78

https://knoema.com/atlas/Bangladesh/Railways-passengers-carried
https://knoema.com/atlas/Myanmar/Railways-passengers-carried

Internet users per 100 people (2015):

BD: 14.4
MM: 21.8

https://knoema.com/atlas/Bangladesh/Internet-users-per-100-inhabitants
https://knoema.com/atlas/Myanmar/Internet-users-per-100-inhabitants

Total Air passengers as % of total population (2015):

BD: 1.8%
MM: 3.8%

https://knoema.com/atlas/Bangladesh/Air-transport-passengers-carried
https://knoema.com/atlas/Myanmar/Air-transport-passengers-carried

Agricultural output per worker (2015):

BD: 743 USD
MM: 1034 USD

http://data.worldbank.org/indicator/EA.PRD.AGRI.KD?locations=BD-MM

Passenger cars per 1000 people:

BD: 2.1 (2010)
MM: 5.4 (2011)

https://knoema.com/atlas/Bangladesh/Passenger-cars-per-1000-people
https://knoema.com/atlas/Myanmar/Passenger-cars-per-1000-people

 

[idune]

Out of total artificially inflated budget, 150-120 billion will be slashed because there is no fund and another 170 billion will be used to fund Awami league looting from banks which are on verge of collapse. Thare goes almost 14% of national budget.

 

[Nilgiri]

Out of total artificially inflated budget, 150-120 billion will be slashed because there is no fund and another 170 billion will be used to fund Awami league looting from banks which are on verge of collapse. Thare goes almost 14% of national budget.

That definitely seems to be closer to the reality as reported by 3rd party neutral organisations. Lets see what the final figures convert actually are as vetted by such (rather than BAL hoohah govt). IMF for example does not see BD budget being much more than 16% of GDP up to 2020.

 

[Homo Sapiens]

Burma is clearly superior to BD, no need to try needle:

http://data.worldbank.org/indicator/NY.GDP.PCAP.PP.CD?locations=MM-BD

Per capita GDP (PPP) (2015):

BD = 3340 (average growth rate of last 3 years = 6.5%) ,
MM = 5250 (avg growth = 8.6%)

Its no surprise given the consumption of basic items between the two:

https://knoema.com/SSY2014/steel-statistical-yearbook-2016?tsId=1023760

BD steel consumption per capita = 26.1 kg (2015)
MM steel consumption per capita = 48.3 kg (2015)

Railways km travelled per capita(2014):

BD: 45.9
MM: 78

https://knoema.com/atlas/Bangladesh/Railways-passengers-carried
https://knoema.com/atlas/Myanmar/Railways-passengers-carried

Internet users per 100 people (2015):

BD: 14.4
MM: 21.8

https://knoema.com/atlas/Bangladesh/Internet-users-per-100-inhabitants
https://knoema.com/atlas/Myanmar/Internet-users-per-100-inhabitants

Total Air passengers as % of total population (2015):

BD: 1.8%
MM: 3.8%

https://knoema.com/atlas/Bangladesh/Air-transport-passengers-carried
https://knoema.com/atlas/Myanmar/Air-transport-passengers-carried

Agricultural output per worker (2015):

BD: 743 USD
MM: 1034 USD

http://data.worldbank.org/indicator/EA.PRD.AGRI.KD?locations=BD-MM

Passenger cars per 1000 people:

BD: 2.1 (2010)
MM: 5.4 (2011)

https://knoema.com/atlas/Bangladesh/Passenger-cars-per-1000-people
https://knoema.com/atlas/Myanmar/Passenger-cars-per-1000-people

Bangladesh per capita GDP- 1404 USD (2016)
Myanmar per capita GDP- 1307 USD (2016)
https://www.imf.org/external/pubs/ft/weo/2016/02/weodata/weorept.aspx?pr.x=40&pr.y=11&sy=2016&ey=2016&scsm=1&ssd=1&sort=country&ds=.&br=1&c=513,518&s=NGDPDPC&grp=0&a=

Rest are hocus-pocus data from bullshit knoema, nobody take seriously.

 

[Nilgiri]

Bangladesh per capita GDP-1404 USD (2016)
Myanmar per capita GDP-1307 USD (2016)
https://www.imf.org/external/pubs/ft/weo/2016/02/weodata/weorept.aspx?pr.x=40&pr.y=11&sy=2016&ey=2016&scsm=1&ssd=1&sort=country&ds=.&br=1&c=513,518&s=NGDPDPC&grp=0&a=

Rest are hocus-pocus data from bullshit knoema, nobody take seriously.

Like I have said before. GDP nominal per capita means jackcrap when you are talking about physical consumption on the ground....esp for developing countries with largely insulated and segregated economic structure from the international world.

Want to know what will happen to BD economy if it exchanges every Taka it has for US dollar to try consume using those US dollars?

You are an economy airhead, keep away from the topic as much as you can please (and dont embarrass yourself like you recently did using real growth projection on nominal USD numbers)....and try instead to work on keeping BD people from getting their basic treatments within BD itself. Thanks.