The government aims to realize Tk50,000 crore as non-tax revenue (NTR) in the next FY24, up by Tk5,000 billion from the current FY23.
In the current budget, the target is set at Tk45,000 crore, while it was later revised down to Tk40,000 crore, according to officials.
his rise is supported by recent increases in various fees and charges by different government organizations, including various service providers.
The government earns NTR from various sources, such as income from telecom and postal services, travel and tourism services, utility services, profits of state-owned banks, insurance, non-bank financial institutions, parks, zoos, interest on loans provided by the government to financial institutions and autonomous bodies.
Besides, renting and leasing government properties, registration of companies and cooperatives, royalties and licence fees for telecom, mining and energy industries, visa fees, passport fees, bridge tolls, penalties, fines and confiscations of goods and properties are other sources of NTRs for the government.
A finance division official on Sunday said that the ministry had asked various ministries and departments a few months ago to enhance non-tax revenue collection amid the tax revenue falling significantly.
Following the instruction, the Registrar of Joint Stock Companies and Firms (RJSC) moved to raise fees for the services it provides.
Also, the Immigration and Passport Department anticipates an increase in revenue collection as many individuals are opting for e-passports, even if their current passports are valid for several years.
The Shipping Ministry has also requested various departments and agencies under its purview to revise fees upwards.
Several agencies have already submitted proposals for new fee rates, which are currently undergoing final evaluation.
The International Monetary Fund (IMF) has long been suggesting the government an enhanced revenue collection, including non-tax revenue.
Earlier this year, when granting a $4.7 billion loan to Bangladesh, the IMF stipulated that the government should increase revenue collection by 0.5% of the gross domestic product each year.
