Finance Minister AMA Muhith has said the government will announce a temporary stimulus package on Sunday in a bid to build confidence among businesses amid global recession.
“It's temporary. The main package will come up in the upcoming budget,” he told reporters yesterday after a meeting with the leaders of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) at the finance ministry.
"It would be a confidence building package. It shows that we have not forgot the impacts of the global recession the country is facing," the minister said.
He also said the package will not only include the concerns of the export sector, but will address agriculture, food security, social safety net and employment generation issues.
Muhith said after one and a half months the government would announce a comprehensive package in the budget. It is better if the package comes up with the budget as all the issues will be addressed in it, he added.
The main objective of the Sunday's announcement would be to boost domestic economy. Local demand and production should be increased, the minister said.
As the BGMEA leaders raised the issue of the sick industries, he said he does not think that reviving the sick industries is possible.
He suggested the sick industries should be turned into other industries using latest technology and considering the changed market.