State of the Bangladesh Economy in FY2023-24 (First Reading)
Independent Review of
RBD
Bangladesh's Development
Conditionalities
Recommendations for the upcoming medium and long term revenue
strategy (MLTRS)
IMF conditionalities concerning public finance relevant for FY2024
Floor on primary balance (PC)
As of December 2023: Tk. (-) 905.2 billion
As of June 2024: Tk. (-) 1,383.6 billion
Floor on tax revenue (IT)
As of December 2023: Tk. 1,436.4 billion
As of June 2024: Tk. 3,945.3 billion
Floor on priority social spending of the Government of
Bangladesh (IT)
As of December 2023: Tk. 309.9 billion
As of June 2024: Tk. 1,449.5 billion
Comments
The December 2023 target of Tk. (-) 1,141.1 billion has been
adjusted in view of the revised economic outlook, and policy
measures have already been taken.
If the June 2024 target is to be met, then tax revenue collection
will need to increase by 20.4%. For this to happen, tax collected
by NBR will need to grow by 22.6% during the November-June
period of FY24 (according to NBR data) - a feat highly unlikely
to be achieved.
Priority social spending (domestically financed) will need to
increase by 15.9% if the June 2024 target is to be met.
Floor on capital investment undertaken by the Government of Capital investment (domestically financed) will need to increase
|Bangladesh (IT)
As of December 2023: Tk. 222.8 billion
As of June 2024: Tk. 1,445.4 billion
by 16.9% if the June 2024 target is to be achieved.
CPD (2023): State of the Bangladesh Economy in FY2023-24 (First Reading)
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