The country will need some Tk 5,824 billion as deficit financing in the next two fiscals where the domestic bond market is under focus of development to meet the need. Of the total amount, some Tk 2785 billion will be needed for the next 2025-26 fiscal while some Tk 3039 billion
Author: Fahad Ferdous, UNB
Govt moves to expedite ADP implementation
The interim government has taken a move to expedite the implementation of the annual development programme (ADP) aiming to induce money flow in the economy. To expedite the implementation, the interim government has decided to put emphasis on the projects which have been cleared by them since coming to office on
Govt plans to curb operating expenses of admin
The government has initiated measures to cut operating expenditures in the coming years, aiming to curb the rising trend witnessed in recent years due to various global and domestic challenges. The operating expenditures are projected to account for 58.7% of public expenditure in the 2025-26 fiscal year and 58.4% in 2026-27,
Bangladesh’s export earnings rebound from slump
Bangladesh's export sector is showing signs of steady recovery, overcoming disruptions caused by the political turmoil in July and August that led to the ouster of the Awami League government. According to data from the National Board of Revenue (NBR), export earnings in October surged by approximately 19 per cent compared
Govt seeks to shore up funds with non-tax revenue
The government has taken a move to improve collection from non-tax revenue (NTR) sources, as the revenue collection from this sector witnessed a downtrend in recent times. According to an official document, the collection of the NTR in the 2023-24 fiscal was Tk 49,000 crore while the actual target was Tk
NBR to crack down on corrupt officials soon
The National Board of Revenue (NBR) is taking preparations to launch its drive against the corrupt government officials for restoring the pride of the public servants which has been demolished in the course of time. According to some NBR top level officials, the revenue collecting authority is working seriously regarding the
Tax return to be linked with more services
Govt explores avenues to boost revenue collection
Bangladesh has significant potential for mobilising revenue collection, as highlighted by a recent official assessment on revenue buoyancy, a measure reflecting how tax revenues respond to economic growth. Revenue buoyancy, the responsiveness of revenues to gross domestic product (GDP), is a critical metric for gauging the performance of a revenue system
NBR Advisory Committee seeks stakeholder proposals for reforms
The newly formed five-member Advisory Committee, tasked with recommending reforms for the National Board of Revenue (NBR), has begun reaching out to stakeholders for input on pro-people changes. The committee is sending letters to private sector associations, including the FBCCI, MCCI, ICCB and ERF, seeking proposals to guide its reform efforts. “We
Govt looks to see export growth despite trade shifts
Bangladesh, a South Asian country with a population of 18 crore people going through a political instability, expects substantial export growth although the Global trade dynamics have undergone significant shifts in recent years. A document of the Ministry of Finance expected the growth based on the projection of the World Trade