Bangladesh's 'expansionary' $71bn budget raises financing doubts

Analysts warn plan may exacerbate pressures that drove Moody's downgrade

20230602 bangladesh economy

Dhaka ferrymen eat on a boat on the Buriganga River: Inflation is putting a heavy strain on Bangladesh's public. © Reuters

FAISAL MAHMUD, Contributing writer

DHAKA -- Bangladesh has unveiled a record national budget for the fiscal year starting in July, months ahead of a general election in early 2024. But with the country reeling from high inflation and persistent financial pressure, some experts fear the government may have promised more than it can deliver.

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