'We are trying our best to keep the economy vibrant even in recession'
Prime Minister Sheikh Hasina said that the government is making every effort to keep the country's economy vibrant despite the economic recession caused by the Corona pandemic and the Ukraine-Russia war.
The Prime Minister said this in response to the question of Abdul Latif of Chittagong-11 constituency in the question and answer session of the Jatiya Sangsad on Wednesday (May 31). Speaker Dr. Shirin Sharmin Chowdhury chaired the question and answer session.
Sheikh Hasina said that by dealing with the recession, inflation and instability in the global economy due to the Corona pandemic and the Russia-Ukraine war and the resulting negative impact on the country's economy, our government has been able to quickly bring the country's economy back to the pre-coronavirus high growth path. Despite the severe crisis of Corona, our growth in the financial year 2019-20 was 3.45 percent which was one of the highest in the world at that time.
She said that as a result of various steps taken by the government to strengthen the economy, the GDP growth in the fiscal year 2020-21 was 6.94 percent. It further increased to 7.10 percent in FY 2021-22.
At this time, she highlighted various measures taken by the government to keep the economy alive. Notable among these are government expenditure rationalization, social security, electricity-fuel and agriculture sector subsidies, export incentives, increase in remittance flow, monetary policy etc.
In response to the question of Jatiya Party Member Syed Abu Hussain, the head of government highlighted the various steps taken by the government to control the prices of daily commodities and said that as a result of the government's activities, it has been possible to control the prices of daily necessities and the poor people are benefiting from it.
In response to a question from Jatiya Party's Rustam Ali Farazi, the Prime Minister said that the Dhaka-Mawa-Bhanga section of the Padma Bridge Rail Link Project will be completed in September 2023 and the Bhanga to Jessore section will be operational in June 2024.