Govt satisfied with macroeconomic stability despite sectoral challenges: Salehuddin

Finance Adviser Salehuddin Ahmed on Monday said the government is broadly satisfied with the country’s overall macroeconomic condition though weaknesses remain at the micro level in some sectors.

“We are satisfied with the overall macroeconomic condition. It is not just my personal opinion; many say the same,” he said while talking to reporters after meetings of the Advisers Council Committee on Economic Affairs and the Advisers Council Committee on Government Purchase at the Secretariat.

He said this assessment is not his view alone but a consensus shared by many stakeholders.

The finance adviser acknowledged that the situation is “not entirely satisfactory” in certain areas as some sectors facing challenges at the micro level.

He noted that it is unrealistic to expect all sectors of an economy to perform well at the same time in any country. “There is no country in the world where every sector runs very well simultaneously. That is simply not possible.”

Salehuddin explained that economic performance depends largely on the effective use of capital and the performance of various stakeholders in sectors.

Ensuring proper monitoring and accountability of these stakeholders is a shared responsibility, he added.

The finance adviser said stressed the need for collective effort and coordinated performance in institutions and sectors to maintain economic stability and support growth.