Govt targets achieving $12,500 per capita income by 2041

The government has set a target to achieve at least $12,500 per capita income by 2041 under the "Smart Bangladesh" plan, said Finance Minister AHM Mustafa Kamal in his budget speech in parliament on Thursday.

“In 'Smart Bangladesh', the per capita income will be at least US$ 12,500 and less than 3 per cent of people will be below the poverty line and the extreme poverty rate will be reduced to zero, inflation will be limited between 4-5 per cent, budget deficit will remain below 5 per cent of GDP; revenue-GDP ratio will be above 20 per cent; investment will be 40 per cent of GDP,” he said in the budget speech.

“We will achieve 100 per cent digital economy and science and technology-based literacy. Healthcare will reach to everyone's doorstep. All the services required by the citizens including automatic communication system and sustainable urbanisation will be at their door steps. A paperless and cashless society will be created,” he also said.

Most importantly, a society based on justice and equality will be established in Smart Bangladesh, added the minister