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We will focus on revenue generating initiatives in next budget: NBR chairman
National Board of Revenue (NBR) Chairman Md Abdur Rahman has hinted at tough fiscal measures in the upcoming budget aimed at boosting revenue collection. While addressing a seminar in Dhaka on Tuesday, the NBR chairman said both the chief adviser and finance adviser had instructed the formulation
We will focus on revenue generating initiatives in next budget: NBR chairman
FE ONLINE DESK
Published :
Apr 29, 2025 21:22
Updated :
Apr 29, 2025 21:22
National Board of Revenue (NBR) Chairman Md Abdur Rahman has hinted at tough fiscal measures in the upcoming budget aimed at boosting revenue collection.
While addressing a seminar in Dhaka on Tuesday, the NBR chairman said both the chief adviser and finance adviser had instructed the formulation of a practical and realistic budget, according to UNB.
“We will focus on revenue-generating initiatives, shunning the expenditures,” he said.
He assured the people of implementing all laws properly so that people do not feel that they are harassed.
The seminar titled Macroeconomic Partnership and Fiscal Measures was held at the Economic Reporters’ Forum (ERF) auditorium. Policy Exchange Chairman and CEO Dr Mashrur Reaz presented the keynote paper at the seminar. ERF President Doulot Akter Mala and General Secretary Abul Kashem also spoke at the event.
Stressing the importance of revenue generation, the NBR chairman warned of broader economic consequences if collection targets were not met.
Md Abdur Rahman added that splitting the NBR into two separate divisions—Revenue Management Division and Revenue Policy Division—would be challenging, although the government has finalised the plan.
The NBR chairman expressed hope about resolving issues with the International Monetary Fund (IMF), paving the way for the release of the third and fourth tranches of the $4.7 billion loan programme.
“They (IMF) are pressing us to open the exchange rate, in lieu we are placing various types of formulas, the discussion is on, we are hoping to get a good result,” he said.
He said the recent engagements with the IMF were positive and the lending agency provided several recommendations.
“We accept many of those, and what is not possible for us to take we resist them,” he said.
Abdur Rahman Khan also acknowledged that in some areas Bangladesh could not reach a consensus.“ Negotiation is going on, may be we could reach in to agreement,” he said.
FE ONLINE DESK
Published :
Apr 29, 2025 21:22
Updated :
Apr 29, 2025 21:22
National Board of Revenue (NBR) Chairman Md Abdur Rahman has hinted at tough fiscal measures in the upcoming budget aimed at boosting revenue collection.
While addressing a seminar in Dhaka on Tuesday, the NBR chairman said both the chief adviser and finance adviser had instructed the formulation of a practical and realistic budget, according to UNB.
“We will focus on revenue-generating initiatives, shunning the expenditures,” he said.
He assured the people of implementing all laws properly so that people do not feel that they are harassed.
The seminar titled Macroeconomic Partnership and Fiscal Measures was held at the Economic Reporters’ Forum (ERF) auditorium. Policy Exchange Chairman and CEO Dr Mashrur Reaz presented the keynote paper at the seminar. ERF President Doulot Akter Mala and General Secretary Abul Kashem also spoke at the event.
Stressing the importance of revenue generation, the NBR chairman warned of broader economic consequences if collection targets were not met.
Md Abdur Rahman added that splitting the NBR into two separate divisions—Revenue Management Division and Revenue Policy Division—would be challenging, although the government has finalised the plan.
The NBR chairman expressed hope about resolving issues with the International Monetary Fund (IMF), paving the way for the release of the third and fourth tranches of the $4.7 billion loan programme.
“They (IMF) are pressing us to open the exchange rate, in lieu we are placing various types of formulas, the discussion is on, we are hoping to get a good result,” he said.
He said the recent engagements with the IMF were positive and the lending agency provided several recommendations.
“We accept many of those, and what is not possible for us to take we resist them,” he said.
Abdur Rahman Khan also acknowledged that in some areas Bangladesh could not reach a consensus.“ Negotiation is going on, may be we could reach in to agreement,” he said.
