While major economies recover from economic challenges, Bangladesh struggles with a concerning trend. The revenue collection has fallen short of target, signalling economic strain ahead, prompting officials to voice apprehensions about bleaker prospects. The National Board of Revenue (NBR) chairman acknowledges the difficulty of achieving revenue targets in an election year
The revenue collection growth decelerated to 12.63 per cent in Bangladesh in the first quarter of the current fiscal year, driven by the cost-of-living crisis at home and abroad, narrowing the fiscal space for the government, official figures showed.
Revenue collection grew 15.51 per cent year-on-year to Tk 300,179 crore in the just-concluded fiscal year of 2021-22, according to the provisional data of the National Board of Revenue (NBR).