BD’s economic growth hits record 8.15pc in FY19, PCI reaches $1909 overtaking India’s PCI $1785

[bluesky]

"In 2018, Bangladesh public debt was 77,497 million euros 91,524 million dollars, has increased 11,560 million since 2017. This amount means that the debt in 2018 reached 33.99% of Bangladesh GDP, a 1.37 percentage point rise from 2017, when it was 32.62% of GDP".

Above is an excerpt from a random internet surfing. BD's debt has already reached about $91.5 billion. This is 32.62% of GDP although that Dude @UKBengali loves to say it is not big. Note that the Pakistani debt is about $95 billion not very different from BD.

 

[Desi_Guy]

I think BD govt has some secret formula.They should share this with other countries as well.

Its called skilled labor.

 

[Black_cats]

"In 2018, Bangladesh public debt was 77,497 million euros 91,524 million dollars, has increased 11,560 million since 2017. This amount means that the debt in 2018 reached 33.99% of Bangladesh GDP, a 1.37 percentage point rise from 2017, when it was 32.62% of GDP".

Above is an excerpt from a random internet surfing. BD's debt has already reached about $91.5 billion. This is 32.62% of GDP although that Dude @UKBengali loves to say it is not big. Note that the Pakistani debt is about $95 billion not very different from BD.

First of all Pakistan has half export earnings compared to Bangladesh. Plus it allocates a big portion of its budget on defense which does not generate any income. Plus don’t forget Pakistan has 25% more population than Bangladesh. The issue is not same in Bangladesh. However for sure there is a big need of diversification.

Government is over spending on projects and there are sign of corruption there!

 

[hussain0216]

First of all Pakistan has half export earnings compared to Bangladesh. Plus it allocates a big portion of its budget on defense which does not generate any income. Plus don’t forget Pakistan has 25% more population than Bangladesh. The issue is not same in Bangladesh. However for sure there is a big need of diversification.

Government is over spending on projects and there are sign of corruption there!

Yes but Pakistan is bigger, strategically located and able to defend itself

 

[Black_cats]

Yes but Pakistan is bigger, strategically located and able to defend itself

But struggle to pay debt. Thats the point of discussion.

 

[TopCat]

No other country has achieved such growth with stagnant private sector investment.

Where is stagnation?

This goes on to show how important it is to have good relations with neighbouring countries especially the ones that are multiple times powerful and larger than ones country.
Bangladesh has had good relations with India which allowed them to focus on development rather than on security and borders which saved millions of dollars for them.

It is not about the good relationship but BD insulated itself from the instability outside of its border.

 

[PakSword]

If true, this is the best news. Bangladesh's economy is moving in the right direction and I feel that it is not a short lived economic boom.

Next target for Bangladesh should be to come out of Indian influence and stop giving stupid statements such as that husband-wife-relationship one.

Best of luck for your future.

 

[bluesky]

First of all Pakistan has half export earnings compared to Bangladesh. Plus it allocates a big portion of its budget on defense which does not generate any income. Plus don’t forget Pakistan has 25% more population than Bangladesh. The issue is not same in Bangladesh. However for sure there is a big need of diversification.

Government is over spending on projects and there are sign of corruption there!

Yes, I believe that the issue is more severe in Bangladesh when considered there is very little expenditure on the military and it has 25% less population than Pakistan although corruption in both countries has the same scale. So, where the money goes? It goes to Hasina's pet projects that she thinks enhances the prestige.

Anyway, BD foreign exchange reserves have also come down to $31.--- although remittances from abroad and ex@ports have increased. It means that it may be due to the payment of loan principal with interest. The next few years will see more downward pressure on the dollar.

When belt-tightening is needed the government spends lavishly and then borrows money from foreign sources as if this money is not to be paid back. I find BNP's Saifur Rahman was the best Finance Minister of the country.

I hope that the exports grow fast and FDI companies come and invest which will solve the present problems at least for the short term. But, FDI people come, make big promises and go back to their countries.

 

[PakSword]

"In 2018, Bangladesh public debt was 77,497 million euros 91,524 million dollars, has increased 11,560 million since 2017. This amount means that the debt in 2018 reached 33.99% of Bangladesh GDP, a 1.37 percentage point rise from 2017, when it was 32.62% of GDP".

Above is an excerpt from a random internet surfing. BD's debt has already reached about $91.5 billion. This is 32.62% of GDP although that Dude @UKBengali loves to say it is not big. Note that the Pakistani debt is about $95 billion not very different from BD.

Debt that's 33% of GDP is not that much.. I believe that your economy is in a very good shape..

 

[Black_cats]

Yes, I believe that the issue is more severe in Bangladesh when considered there is very little expenditure on the military and it has 25% less population than Pakistan although corruption in both countries has the same scale. So, where the money goes? It goes to Hasina's pet projects that she thinks enhances the prestige.

Anyway, BD foreign exchange reserves have also come down to $31.--- although remittances from abroad and ex@ports have increased. It means that it may be due to the payment of loan principal with interest. The next few years will see more downward pressure on the dollar.

When belt-tightening is needed the government spends lavishly and then borrows money from foreign sources as if this money is not to be paid back. I find BNP's Saifur Rahman was the best Finance Minister of the country.

I hope that the exports grow fast and FDI companies come and invest which will solve the present problems at least for the short term. But, FDI people come, make big promises and go back to their countries.

Spending on projects is not the problem but over spending, wasting money and corruption are the problem. In recent time it is seen in some projects government spending couple of time more to purchase products. In other words money is getting wastage on corruption.

 

[UKBengali]

Spending on projects is not the problem but over spending, wasting money and corruption are the problem. In recent time it is seen in some projects government spending couple of time more to purchase products. In other words money is getting wastage on corruption.

Not really a big deal - this kind of corruption even happens in developed countries but on a lesser scale.

We should not look for issues when they are very minor - BD debt to gdp ratio is by far the lowest in the subcontinent.

 

[Black_cats]

Not really a big deal - this kind of corruption even happens in developed countries but on a lesser scale.

We should not look for issues when they are very minor - BD debt to gdp ratio is by far the lowest in the subcontinent.

it’s not minor if you accumulate all projects. Corruption that has surfaced for pillow, curtain, medical book, equipments are rampant in all available projects.

 

[UKBengali]

it’s not minor if you accumulate all projects. Corruption that has surfaced for pillow, curtain, medical book, equipments are rampant in all available projects.

Minor, minor, minor.

Any idea just how much corruption happens in a developed economy like UK?

BD has a bit more but you want these projects to stop and then economy tanks?

Please focus on the positives as complaining about corruption that happens in every country in the world distracts from what is the by far the best run economy in S Asia. BD is growing like an East Asian economy and that provides more evidence of how unitary countries deliver much better economically than multi-ethnic ones.

 

[KhanBaba2]

Congratulations to BD. May they keep growing at a great pace.

 

[Maler]

"In 2018, Bangladesh public debt was 77,497 million euros 91,524 million dollars, has increased 11,560 million since 2017. This amount means that the debt in 2018 reached 33.99% of Bangladesh GDP, a 1.37 percentage point rise from 2017, when it was 32.62% of GDP".

Above is an excerpt from a random internet surfing. BD's debt has already reached about $91.5 billion. This is 32.62% of GDP although that Dude @UKBengali loves to say it is not big. Note that the Pakistani debt is about $95 billion not very different from BD.

Pakistan's total public debt is much more than Bangladesh, around 70% of its GDP. $95 billion (Actually $106 billion) is only external/foreign debt.