NEC to approve 8th Five Year Plan today

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BSS, Dhaka :
The National Economic Council (NEC) will sits today to consider the 8th Five Year Plan (2021-2025) of the country in order to attain 8 percent GDP growth on average per year and also to achieve various economic and social targets during the five-year period as envisioned under the country’s 2nd Perspective Plan (2021-2041).
NEC Chairperson and Prime Minister Sheikh Hasina will preside over the meeting virtually from her official Ganobhaban residence while Ministers, State Ministers and others concerned will join the meeting from the NEC Conference Room and also from the Bangladesh Secretariat.
Like before, General Economics Division (GED) under the Planning Commission has framed the draft of the 8th Five Year Plan which is also the first out of the four five-year plans to materialize the 2nd Perspective Plan (2021-2041). According to a high official of the Planning Commission, targets have been set under the 8th Five Year Plan to attain GDP growth at 8 percent on average per year which is expected to reach 8.51 percent in 2025, which is also the last year of the Plan.
Besides, the government is also eying to generate around 11.33 million employments during this Plan period of which the number of overseas employments would be 3.25 million. Apart from this, around 7.81 million fresh workforces will be added to the labour market during this Plan period.
Besides, necessary strategy has been finalized under the Plan to lower the poverty rate at 15.6 percent by 2025.
Talking to BSS, Planning Minister MA Mannan said that the 8th Five Year Plan has been formulated as a “progressive plan” in continuation of the previous five year plans. He said this expansionary Plan would be helpful in attaining growth, further alleviating poverty, further strengthening the rural economy, addressing income inequality, expanding and further deepening the coverage of the social safety nets.
“This 8th plan aims to further modernize all sorts of education including primary education while the technology-based education will be further expanded,” he added.
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