Revenue shortfall widens to Tk 18.22cr
Dhaka, March 25 -- The revenue collection gap compared to the set targets for the National Board of Revenue (NBR) has expanded to Tk 18,221 crore in the first eight months (July-February) of the current fiscal year (2023-24).
The NBR attributes this widening gap to several factors, including import restrictions prompted by the dollar crisis, which have significantly impacted import tax collection.
Moreover, domestic revenue generation has not met expectations due to slow economic growth and the NBR's challenges in addressing tax evasion.
Provisional data from the NBR indicates that during the July-February period of the current fiscal year, the government managed to collect Tk 2,26,586 crore, marking a 15.58 percent year-on-year growth...
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