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Govt. expects economic growth of 5.5% for 2021

2 years ago

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The Government said it expects an economic growth rate of 5.5 percent for 2021. In his Budget speech, the Prime Minister said it is the government’s medium term vision to reduce the budget gap through increasing the economic growth up to 6 percent and increasing the government revenue from its current level of 9.7 percent to 14.1 percent. “By 2025, the budget deficit is targeted to be 4 percent due to growth in tax revenue through the expansion of the economy and the trust placed on the management of public expenditure and public enterprises. I request all of you to give your blessing to the development budget aimed at economic revival and poverty reduction,” he said.