State of the Bangladesh Economy in FY2021-22 slide image

State of the Bangladesh Economy in FY2021-22

Independent Review of RBD Bangladesh's Development ◉ Macroeconomic Management ■ Indirect tax collection at the import and export level was impressive - rising import demand and increased commodity prices at the global level helped in the attainment of this improved growth Indirect tax collection at the domestic level needs to increase by about 38.4% against the annual target of 32.2% during the remaining months of the fiscal year Income tax collection needs to grow by 26.9% against the annual target of 23.8% during the remaining months of the fiscal year ▪ Revenue mobilisation performance of the NBR in FY21 was compensated by the non-tax revenue component with the withdrawal by the government of funds of state-owned enterprises which had accumulated surplus In FY22, the scope for a similar step is rather limited - the overall revenue mobilisation, and hence, the execution of the programmed budget, will continue to remain challenging in FY22! CPD (2021): State of the Bangladesh Economy in FY2021-22 (First Reading)
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