The Finance Division is set to issue special bonds of about Tk 26,000 crore to clear mounting arrears to independent power producers and fertiliser suppliers.
The government saw a budget surplus of Tk 11,865 crore in the first quarter of the current FY due to lower spending
The government’s spending on interest payments against the mounting foreign debt surged 136.70 percent year-on-year to $562 million in the first five months of the current fiscal year as disbursements surged in recent years.
As much as 40 percent of the country’s total income is concentrated within the top 10 percent of the wealthy, up about three percentage points since 2016, found a recent government survey.
Bangladesh might have experienced capital flight in the last financial year evidenced from the unusual outflow of funds as well as unrealised export proceeds, said the International Monetary Fund (IMF).
The pass-through of a sharp depreciation of the local currency accounted for half of the inflation surge seen in Bangladesh in the last financial year, according to the International Monetary Fund (IMF)
The revenue collection growth rose slightly in the July-November period of the current financial year on the back of higher income and value-added taxes
Bangladesh’s debt service to revenue ratio to cross the 100 percent mark for the first time owing to rising loans, lower tax and export receipts
The Finance Division is set to issue special bonds of about Tk 26,000 crore to clear mounting arrears to independent power producers and fertiliser suppliers.
The government saw a budget surplus of Tk 11,865 crore in the first quarter of the current FY due to lower spending
The government’s spending on interest payments against the mounting foreign debt surged 136.70 percent year-on-year to $562 million in the first five months of the current fiscal year as disbursements surged in recent years.
As much as 40 percent of the country’s total income is concentrated within the top 10 percent of the wealthy, up about three percentage points since 2016, found a recent government survey.
Bangladesh might have experienced capital flight in the last financial year evidenced from the unusual outflow of funds as well as unrealised export proceeds, said the International Monetary Fund (IMF).
The pass-through of a sharp depreciation of the local currency accounted for half of the inflation surge seen in Bangladesh in the last financial year, according to the International Monetary Fund (IMF)
The revenue collection growth rose slightly in the July-November period of the current financial year on the back of higher income and value-added taxes
Bangladesh’s debt service to revenue ratio to cross the 100 percent mark for the first time owing to rising loans, lower tax and export receipts
IMF has set six new benchmark conditions for Bangladesh to restore discipline in the money market and boost revenue generation.
The government has pledged to take more than 50 reform measures in three years under the International Monetary Fund’s loan programme to rebuild foreign currency reserves and contain inflation