Dhaka, June 2 -- The interim government has backtracked from the previous administration's ambitious macro-economic targets as it is expecting 5.50 per cent economic growth in the next fiscal year.

It has also revised down the current fiscal year's gross domestic product (GDP) growth target to 5.0 per cent from the earlier 6.75 per cent.

The ousted Sheikh Hasina government took an ambitious 6.75 per cent economic growth target for FY25 despite the internal and external headwinds in the macro-economy.

The interim government has also set a realistic target of 6.0 per cent GDP growth in the medium term for FY27.

Finance Adviser Dr Salehuddin Ahmed in his FY26 national budget speech on Monday said the GDP growth rate may be slightly lower...