Implementation of mega projects helps attain 10pc growth: Kamal

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DHAKA, June 19, 2018 (BSS)- Planning Minister AHM Mostafa Kamal today said
implementation of mega projects, including Padma Bridge, will help attain 10
percent economic growth.

“No power can stop the country from attaining 10 percent growth after the
implementation of the mega projects. We will be able to attain this growth
target by 2028-29,” said Kamal while speaking at the Annual Performance
Agreement (APA) signing programme here.

He said the country will be able to achieve eight percent growth by 2020
and it needs to maintain this growth momentum for the next three fiscal
years. He urged all to work together for maintaining the country’s economic
progress.

The APA was signed between the planning ministry and all entities of the
Planning Commission (PC), said a media release.

The planning minister urged the officials concerned to speed up
implementation of all projects, saying that line ministries need to work with
responsibility in this regard. If the line ministries fail to perform, the
planning ministry faces the problem, he added.

Referring to the APA, Kamal said it is not merely an agreement or a
formality. He asked the officials concerned to come out from the traditional
practice and work sincerely for timely implementation of development
projects. Education and revenue sectors will undergo a massive reform in
future, he said and added that the revenue collection system will be reformed
to bring more people under tax net and lower the rate of tax to reduce
pressure on taxpayers.

“Tax-revenue ratio will be taken to 15 percent by reducing the tax rate,”
he added.

Planning secretary Md Ziaul Islam moderated the programme while general
economic division member of the Planning Commission (Senior Secretary) Dr
Shamsul Alam, PC members (secretary) A N Samsuddin Azad Chowdhury, Shamima
Nargis, Juena Aziz and Statistics and Information Management Department
secretary Sourendra Nath Chakraborty, among others, spoke on the occasion.