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The state of the economy on Budget Day

In its third and final reading on the current, or outgoing fiscal (2022-23), the Centre for Policy Dialogue (CPD) presented a grim picture this week, just days before the budget for 2023-24 was set to be placed in parliament. The economy-focused think tank revealed its own calculation that revenue shortfall would be approximately Tk 75,000 crore in the current fiscal, causing the budget deficit to widen.

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