Investor Presentaiton

Independent Review of RBD Bangladesh's Development Revenue Shortfall Revenue shortfall (i.e., the discrepancy between revenue mobilisation target and actual attainment) has been a recurring phenomenon. ➤ Over the recent years, failure to collect income tax at the targeted level has been the key source of revenue shortfall. ➤ Low VAT collection (at domestic level) has become a rising concern. The sudden decline in FY21 can be attributed to (a) conservative target setting in view of COVID-19 and (b) the unprecedent amount of revenue generated from non-tax sources - - owing to mobilisation of ‘idle' funds from state owned entities. Actual revenue shortfall (in Crore Tk.) FY12 O 3690 27085 36994 Q35496 41507 FY13 Q 11543 FY14 FY15 FY16 FY17 Source: Calculated from MoF data 71433 Q87401 111902 FY18 FY19 FY20 FY21 O49399 ☐ If the ongoing trend in revenue mobilisation is maintained, the revenue shortfall in FY22 is expected to reach approximately Tk. 30,000 crore. CPD (2022): State of the Bangladesh Economy in FY2021-22 (Third Reading) 19

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