Economists said the target was unrealistic from the outset, given the NBR’s structural weaknesses

Going against the usual practice and history, the interim government has raised the revenue collection target for the current fiscal year (FY) by 5 percent, or Tk 24,000 crore.

The new target has raised eyebrows, given the underwhelming performance in revenue collection so far

Bangladesh is unlikely to fulfil the revenue collection target set by the International Monetary Fund (IMF) as part of its conditions for the fourth tranche of a $4.7 billion loan programme.

It collected Tk 94.6 crore in revenue in FY23, which was 28.23% down from target