Finance Minister AMA Muhith will apprise Prime Minister Sheikh Hasina on Saturday of the progress in budget implementation during the first half of the current fiscal year alongside details of income and expenditure and the macroeconomic trends, officials said.
The ministry of finance (MoF) will make a power-point presentation at Ganabhaban to update the PM about the economic trends of the country, they added.
"The Finance Minister is scheduled to place a report on economic indicators and budget implementation before the parliament soon. He will apprise the PM Saturday about the report," a senior MoF official told the FE Thursday.
He said economic trends during the July-December period of the current fiscal year were 'very much positive'.
"The revenue collection, implementation of the Annual Development Programme (ADP), export earnings, and foreign currency reserve were up to the expectations," he added.
The official, however, could not confirm whether any report on the impact of the ongoing political turmoil on the country's economy would also be placed on the occasion.
When contacted, finance secretary Mahbub Ahmed told the FE on Thursday that during the first half of the current fiscal year all the economic indicators were positive.
"The progress in budget implementation until December was very fine while the economic indicators were positive," he said replying to a query.
"It was a very good start in January," Mr Ahmed said without elaborating about the impacts of the turmoil.
He said the size of the current budget was bigger than the previous one. "But the rate of implementation is as expected until the second half of the fiscal year which is a big achievement."
According to officials, until December last, about 28 per cent of the ADP was implemented against 25 per cent in the same period of the previous fiscal year.
During the July-December period, export earnings stood at US$ 14.91 billion, up by 1.56 per cent from the same period of the previous fiscal year. The reserve stood at over $22 billion by then, they added.
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