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Bangladesh: Bangladesh witnesses highest ever $18.70 billion BOP deficit in FY22
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DHAKA, 02 August 2022, (TON): Bangladesh Bank updated report released said “the fiscal year 2021-22 ended with a record USD $18.70 billion deficit in the Balance of Payments (BOP) due to a big jump of imports.”
In the previous fiscal year (2020-21), this index was only $4.57 billion deficit in the balance of payment.
Never before such a large deficit has been seen in any financial year. Economic researchers believe that the important indicators of the economy have deteriorated due to the jump in imports.
Ahsan H Mansur, executive director of the Policy Research Institute, economist and a researcher, believes that this shortfall has emerged as a concern in the macroeconomy.
He told UNB "due to the abnormal increase in imports, this huge shortfall in foreign transactions has occurred. It is true that there is a positive side to increasing imports.”
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