Bangladesh Targets $1 Trillion Economy by 2034: Finance Minister

Finance Minister Amir Khosru Mahmud Chowdhury today presented a visionary economic roadmap in the Jatiya Sangsad pledging to transform Bangladesh into a $1 trillion economy by 2034.

Speaking under Section 300 of the Rules of Procedure, the minister detailed the government's strategy to foster an advancing inclusive and sustainable economy despite inherited structural weaknesses and global geopolitical volatility.

The Finance Minister highlighted several landmark initiatives aimed at stabilizing the economy and fulfilling election pledges.

The distribution of 50 lakh family cards has commenced, with plans for universal coverage. Specialized "Farmer Cards" are also being introduced for those in the agriculture and livestock sectors.

A massive plan to create one crore (10 million) jobs is underway focusing on ICT expansion, the blue economy and regional creative hubs.

Reforms include strengthening the central bank’s legal framework, addressing capital shortages in commercial banks, and developing a robust capital market through corporate and Green bonds.

The government aims to increase the tax-GDP ratio to 10% in the medium term and 15% by 2034 through automation and transparency.

Minister Khosru addressed the significant impact of the Middle East conflict, noting that international oil and LNG prices have more than doubled.

The government has allocated an additional Tk 36,000 crore in subsidies for March-June to keep energy prices unchanged for citizens.

To manage the $3 billion in additional import costs the government has implemented energy-saving measures including reduced office hours and limited electricity consumption.

The minister paid tribute to the economic foundations laid by Shaheed President Ziaur Rahman and Begum Khaleda Zia noting that the current administration is carrying forward the legacy of pro-private investment and market modernization.

He emphasized that the FY 2026-27 budget will prioritize stability, transparency and inclusive growth to restore institutional strength.