DHAKA: The government has estimated revenue income for FY2016-17 at Tk. 242,752 crore which is 12.4 percent of current GDP of the country.

According to latest estimation, the GDP of Bangladesh is Tk 1,961,017 crore.

However, of the estimated revenue income, NBR tax revenue is estimated at Tk. 203,152 crore (10.4 percent of GDP).

According to finance minister AMA Muhith, “I am optimistic about significant increase in VAT collection. Besides, the ongoing reform programmes of automation, curtailing tax exemption facility, extension of tax administration, widening tax net and tax base etc. will be further strengthened”.

“In this context, I firmly believe our revenue collection target is attainable,” he added.

Besides, the revenue collection target from non-NBR sources has been set at Tk. 7,250 crore which is 0.4 percent of GDP.

The non-tax revenue collection target has been set at Tk. 32,350 crore which is 1.6 percent of GDP.

BDST: 2112 HRS, JUN 02, 2016
SR