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The interim government has set a target to bring inflation down to 8% by June of the current fiscal year. This decision was made in a meeting chaired by the Chief Adviser on Wednesday. The meeting also discussed the revised budget for the 2024-25 fiscal year. The previous government allegedly did not present the real picture of inflation. Although the last finance minister had set a target of 6.5% inflation, post-government collapse instability led the economic adviser to revise the target to 7%. Currently, inflation stands at 9.94%. Additionally, the GDP growth target for 2024-25 was initially set at 6.8% but has now been revised down to 5.25% by the interim government. The revenue collection target has also been reduced from BDT 6.8 trillion to BDT 4.635 trillion.

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