Page 62 - Azerbaijan State University of Economics

Hashim Al-Ali: An integrated macro-fiscal forecasting model and its application for
the Bangladesh economy

Table -9-: Government Expenditure by Types, for the Period 2011-2017 in Tk Billion

Public Other
Total Wages Goods Fuel and
FY Expendit and and Food Energy ADP Non- Debt Govt.
Expenditu
ure Salaries Services Subsidies Subsidies ADP Interest 2
Paid res
2011 1053.2 137.0 69.91 92.7 80.0 236.0 32.1 156.2 249.2

2012 1045.9 144.2 73.19 103.4 51.1 246.7 35.0 164.8 227.6
2013 1183.6 151.7 76.63 115.2 70.3 257.8 38.1 160.5 313.4

2014 1290.4 159.5 80.23 128.5 77.4 269.4 41.5 188.8 345.1
2015 1386.8 167.8 84.01 143.3 80.8 281.5 45.2 223.9 360.3

2016 1485.3 176.6 87.95 159.7 82.3 294.1 49.2 268.8 366.7
2017 1597.1 185.7 92.09 178.1 82.4 307.4 53.5 330.7 367.3

Table -10- Bangladesh Commodities and Services Exports, 2011-2017 (in TK Billion)
Garment Other Exports Total
FY
Exports Exports Services Exports
2011 1014.4 100.0 124.9 1239.3
2012 1196.0 157.0 188.1 1541.0
2013 1410.1 161.9 218.5 1790.5
2014 1662.5 167.0 254.3 2083.8
2015 1960.1 172.5 296.4 2429.0
2016 2310.9 178.1 346.0 2835.0
2017 2724.6 184.2 404.3 3313.1
Annual Growth Rate (%) 17.9 10.7 21.6 17.8

Table -11- Bangladesh Commodities and Services Imports, 2011-2017 (in Tk Billion)

Commodity Imports
FY Total Imports
Imports Services
2011 1296.7 212.3 1509.0
2012 1595.3 271.2 1866.5
2013 1807.8 307.3 2115.1
2014 2051.9 348.8 2400.7
2015 2336.3 397.2 2733.5
2016 2658.6 452.0 3110.6
2017 3036.5 516.2 3552.7
Annual Growth Rate (%) 15.2 16.1 15.4

Table -12- Bangladesh Labour-Force and Employment during the period 2011-2017 (in

2
It can be seen from the runs and modelling results, that government recurrent spending needs to be curtailed and
rationalized to reflect actual needs, priorities and to be in line with the overall required macroeconomic balance.
Special emphasis should be given to rationalize the other government expenditure items.
61