JS body for digital systems to curb graft, boost revenue

The Parliamentary Standing Committee on the Ministry of Finance yesterday stressed for modernising accounting and financial reporting through digital and automated systems to improve revenue collection and curb corruption.

The committee of the 13th Jatiya Sangsad held its second meeting at the Jatiya Sangsad Bhaban with its chairman Mushfiqur Rahman in the chair.

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The meeting emphasised making the accounting and financial reporting system more transparent, modern and effective.

The committee observed that increased accountability in the system would help enhance efficiency and effectiveness in financial management.

The committee said merely identifying or punishing individuals involved in corruption would not be enough. Rather, the processes or systems through which corruption takes place should be changed or eliminated.

The National Board of Revenue (NBR) also made a presentation on its capacity to meet government expenditure requirements, measures taken to narrow the tax-to-GDP gap, and the NBR’s organisational structure and necessary measures.