The right fiscal policies will be crucial BIGSTOCKWhile the economy was already facing stress on different fronts, Covid-19 has only increased the challengesRecently, the Centre for Policy Dialogue (CPD) submitted its budget recommendations for FY2021 to the National Board of Revenue (NBR), Bangladesh. Tax revenue constituted 91.5% of this shortfall while the remainder originated from non-tax revenue. Shutdown of enterprises, job losses, and income reduction will lead to lower income tax collection. In view of the above, the NBR should prepare its Budget FY2021 proposals by pursuing the following approach. These waivers could be continued in the FY2020 budget.

Source: Dhaka Tribune April 15, 2020 07:18 UTC