Bangladesh's coalition government unveiled a 22-billion-dollar budget calling for higher allocation in the energy and farming sectors to perk up economic growth, according to dpa. "We have implemented many of the promises in our election manifesto. Those remaining will be addressed in this budget. The next two budgets will be all about implementation," Finance Minister Abdul Mall Abdul Muhith told parliament. The minister set a 7-per-cent growthh target for the gross domestic product for the fiscal year starting on July 1. In the current fiscal yer GDP growth has been 6.7 per cent The government aims to spend 5.1 per cent of the budget in the energy sector in a move to end a serious of power cuts. Bangladesh his producing some 4,200 megawatt of electricity against a demand for 6,500 megawatt. Electricity production is to be doubled to 9,426 megawatt by 2015. Farming is to receive a 7.7-per-cent share of the budget and 6.8 per cent are to go to social spending, the budget proposal said. Earlier the government of Prime Minister Sheikh Hasina Wazed had approved a fund worth about 6.26 billion dollars for development projects. The government targets revenue income at 16.01 billion dollars in the coming fiscal year, from nearly 13 billion dollars in the current fiscal year.
