Bangladesh's Development Independent Review

Independent Review of RBD Bangladesh's Development Public finance management Recommendations The already introduced austerity measures such as stoppage in vehicle purchase by government entities, reduction in foreign travels by government employees, stoppage in providing honorarium for attending meetings, pause in the implementation of C-category ADP projects (i.e., low priority projects) and reduction in expenditure (by 20-25%) owing to fuel and electricity by government agencies should be continued ☐ Subsidy on fuel, power and agriculture should be continued for the next few months. It must be taken into cognisance that any hike in the administered prices will have adverse impact on inflation Tax evasion should be restrained by all means to generate resources for the priority sectors ➤ To this end, the NBR should promote electronic-based measures, including e-TDS, e- filing and cross-checking transaction data from multiple sources Transfer Pricing Cell (TPC) should work closely with Bangladesh Financial Intelligence Unit (BFIU) and Customs Intelligence and Investigation Directorate (CIID) to curb trade-based money laundering CPD (2022): Recent Challenges Facing the Bangladesh Economy: A Brief Overview 6

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