Staff Reporter:
The government has set a goal to turn Bangladesh into a trillion-dollar economy by 2034. To achieve this goal, 10 sectors have been given priority in the proposed budget for fiscal 2026-27.
According to the government policies, it will be possible to take the country’s economy to a new height by checking inflation, increasing investment, creating employment, developing human resources and establishing good governance.
In his speech on the proposed budget for fiscal 2026-27, Finance Minister Amir Khosru Mahmud Chow-dhury said if the government’s plans and strategies are successfully implemented, Bangladesh will be-come a trillion-dollar economy by 2034.
At the same time, he said, opportunities will be created to achieve demographic, longevity and demo-cratic dividends.
Keeping this goal in mind, the target has been set to reduce inflation to 7.5 percent and increase econom-ic growth to 6.5 percent in the next fiscal year.
It has also been said that people’s livelihood will be developed by establishing sustainable discipline in the economy. To this end, the government has set 10 main priorities.
The first priority is ‘Development for All’. The government wants to ensure balanced participation of people from all walks of life, all sectors and all regions to build a non-discriminatory and inclusive economy.
The second priority is ‘Quality Education and Healthcare for All’. It has been said that youth will be transformed into skilled human resources through a practical, skill-based and value-based education sys-tem and quality healthcare will be ensured for all.
The third priority is ‘Universal Social Security’. There is a plan to strengthen the foundation of the wel-fare state by expanding the safety net for people of all ages and classes by establishing a life-cycle-based social security system.
The fourth priority is ‘Investment-based, employment-based and production-oriented economy’.
It has been said that new entrepreneurs will be created and employment will be increased through a planned industrialization, export diversification and expansion of technology-based economic activities, while strengthening agriculture as a strategic sector for food security.
Fifth priority is ‘Deregulation and affordable and easy business environment’. Emphasis has been put on creating a transparent, easy and business-friendly environment by reducing unnecessary complications and delays in government activities.
Sixth priority is ‘Financial sector stability’. Initiatives will be taken to restore depositors’ confidence by establishing discipline, transparency and accountability in the banking and financial sectors, and to in-crease investment through capital market reforms.
Seventh priority is ‘Energy security’. In addition to ensuring uninterrupted supply of electricity and fuel to keep productive activities operational, the goal has been set to develop an affordable, reliable and en-vironmental friendly energy system.
Eighth priority is ‘Development of information and communication technology’. There is a plan to make the country one of the world’s leading ICT exporters by developing a technologically inclusive Bangla-desh.
Ninth priority is ‘Management of life, nature, environment and water resources’. It has been said to build a sustainable and environmentally-resilient future by addressing the impacts of climate change, conserving biodiversity, expanding afforestation, restoring river navigability and resuming canal excava-tion programs.
The tenth priority is ‘transparent, efficient and accountable institutions and administrative systems’. In addition to building a merit-based and accountable administrative structure, emphasis has been placed on making government investment implementation more effective.
According to the government, once these priorities are implemented, the foundation of the economy will be stronger and the path to transforming Bangladesh into a trillion-dollar economy by 2034 will be easi-er.
