Dhaka, June 2 -- Amid inflation, strict foreign loan conditions, and the reality of a shortage in revenue, Finance Advisor Salehuddin Ahmed has set Bangladesh's Gross Domestic Product (GDP) growth target for the 2025-26 fiscal year at a modest 5.5 percent.

The goal, set in the Tk 7.9 trillion budget proposed on Monday, is the lowest in many years.

"Due to this fight against inflation, our GDP growth rate may be slightly lower," Salehuddin said. "According to the provisional estimates, GDP growth in FY2024-25 could be 3.97 percent. However, we expect the final estimate to be higher. We also expect that the growth rate will rise to 6.5 percent in the medium term."

Further explanation was provided in the budget's Medium-Term Macroeconomic...