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Revenue Mobilisation and Economic Growth

Bangladesh Economic Update November 2013 

november-meu-13This issue of Bangladesh Economic Update probes into the tax system of Bangladesh in the backdrop of falling investment, missing revenue target and growing pressure on revenue. Bangladesh has comparatively lower tax to GDP ratio, even compared to most of its South Asian counterparts. For example, tax to GDP ratio in Bangladesh was 6.74 percentage points lower than India in FY 2012-13. The gap between the total expenditure and total revenue is increasing over the years. If the same trend continues, it can be anticipated that the gap may become further wider to Tk. 558.5 billion in FY 2013-14 from the targeted Tk. 550.32 billion. The budget deficits may increase by 1.5 per cent against the targeted expenditure of TK 2224.91 billion in the current budget. At the current rate of revenue realisation, the gap between targeted and actualized revenue may increase by 0.5 percent against the target of current budget TK 1674.59 billion. In FY 2012-13, both NBR and non-NBR have failed to satisfy the target of revenue collection with total shortage of Tk. 40777.5 million.

FULL REPORT

ENGLISH PRESS RELEASE

BANGLA SUMMARY

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INDUSTRIAL SECTOR : SLUGGISHNESS AND CATCHING UP

Bangladesh Economic Update September 2013 

INDUSTRIAL-SECTOR-SLUGGISHNThis issue of Bangladesh Economic Update concentrates on the current situation and prospect of industrial sector. It also reviews the state of technology catching up. The industrial sector requires immediate attention due to sluggishness and policy ambivalence. The indicators of industrial performance such as industrial index, disbursement of term loan, opening and settlements of letter of credits (LCs), investment demand suggest sliding down.

A number of recent policy and structural problems are associated with the sluggish performance of industry. Contractionary monetary policy, inadequate infrastructure, incompatible fiscal policy, unfavourable exchange and interest rates, loan scenario accompanied with some structural bottlenecks are found to have causal effect on the present floundering performance of the industrial sector.

FULL REPORT

ENGLISH PRESS RELEASE

BANGLA SUMMARY

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Abdicating Accountability: The Monetary Policy Statement of July-December 2013

Abdicating Accountability:  The Monetary Policy Statement of July-December 2013 

MEU on MPS-13

The current issue of the Bangladesh Economic Update focuses on the recently announced six monthly Monetary Policy Statement (MPS) for the period of July-December of FY 2013-14.
The Update examines the role of the successive MPSs on the decline of the rate of growth in economy for the last two consecutive years and the BB assertions that the recent political agitation has created negative impacts on the rate of growth. The recent spat of political agitation has started from February 2013 while the economy has started deceleration of growth since FY 2011-12. The rate of growth declined from 6.71 percent in FY 2010-11 to 6.23 percent in FY 2011-12 and to 6.03 percent in FY 2012-13, 0.20 percentage points lower than the decadal average rate of 6.23 percent.

FULL REPORT

ENGLISH PRESS RELEASE

BANGLA SUMMARY

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Investment Intricacies and Fiscal Fuzz

A Rapid Assessment of National Budget 2013-14 

INVESTMENT INTRICACIES AND FISCAL FUZZ-2013-14

The current budget is tabled in the backdrop of three major challenges: economic growth is decelerating due to stagnant investment and productivity growth, fiscal deficit is crowding out investment while not augmenting multiplier effect by removing supply side bottlenecks, and social sector spending is increasing but at a decreasing rate. This rapid assessment primarily reviews the policy measures introduced for FY 2013-14 to ascertain whether these could stimulate economic recovery to create more jobs, reduce poverty and lessen inequality. This also examines the feasibility of budgetary targets and probes into any possible sources of tensions between fiscal and monetary policies.

FULL REPORT

ENGLISH PRESS RELEASE

BANGLA SUMMARY

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MONETARY POLICY: EVIDENCE BASED?

Bangladesh Monthly Economic Update: January 2013

evidencebased

The current issue of the Bangladesh Economic Update focuses on the recently announced six-monthly Monetary Policy Statement (MPS) by the Bangladesh Bank for the second half of the current fiscal year of 2012-2013. This Update investigates into effectiveness of the prescribed policy instruments in attainment of three core objectives of the current MPS in light of past experiences. The assigned objectives of the central bank are: (i) limiting the domestic credit growth to levels consistent with the FY 2012-13 single digit CPI inflation target (ii) ensuring that productive growth-conducive activities are not hampered by access to credit and (iii) preserving external sector stability including building reserves to more comfortable levels.

FULL REPORT 

 

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