Dhaka, Feb. 9 -- The major political parties have placed domestic revenue mobilisation at the centre of their respective economic agenda, setting specific targets to raise Bangladesh's tax-to-gross domestic product (GDP) ratio amid shrinking fiscal space.

The Bangladesh Nationalist Party (BNP) has pledged to increase the tax-to-GDP ratio to 15 per cent by 2035, while Jamaat-e-Islami has set a target of 14 per cent, according to their manifestos for the upcoming national elections scheduled for February 12.

Currently, the tax-to-GDP ratio is among the lowest in Bangladesh, less than 7.0 per cent, which is a double-digit figure in the neighbouring country.

According to the BNP manifesto unveiled Friday, the party aims to boost the tax-to...