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Investor Presentaiton

Independent Review of RBD Bangladesh's Development Revenue Mobilisation Following the trend of first six months of FY22, it has now become obvious that the annual targets of revenue mobilisation will not be attained. ➤ As per MoF data, total revenue mobilisation growth improved by a small margin (15.3% during Jul-Dec FY22 compared to 12.5% during Jul-Dec FY21). ■Tax revenue (26.7% growth against the annual target of 28.2%) collection has missed the target during the first half of FY22. ➤ Data discrepancy makes the actual scenario difficult to gauge - while MoF data shows a 27.5% growth in NBR tax collection during Jul-Dec FY22, NBR data shows a 16.8% growth during the same period! Growth scenario of components of revenue mobilisation (%) Component BFY21 AFY21 BFY22 AFY21 AFY22 Required (Jul-Dec) (Jul-Dec) Jan-Jun FY22 a. Tax revenue 55.4 21.5 28.2 5.7 26.7 29.4 a.1 NBR tax 52.8 22.1 25.1 6.6 27.5 23.3 a.2 Non-NBR tax 152.3 -0.5 170.5 -17.5 -3.2 350.9 b. Non-tax revenue -24.9 33.9 -26.9 58.5 -36.4 -19.9 Total revenue (a+b) 42.2 23.6 18.4 12.5 15.3 20.6 Source: Calculated from MoF data CPD (2022): State of the Bangladesh Economy in FY2021-22 (Third Reading) 17
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