Muhith disclosed the figure at the first pre-budget consultation meeting with stakeholders on Monday. The first meeting was held with several economists from Bangladesh Economic Association, Bangladesh Institute of Development Studies, Economic Research Group and Policy Research Institute at the Padma state guest house. Finance minister said he was not satisfied with the earnings of National Board of Revenue. “We need more earnings to implement the current fiscal year’s budget.”The economists and researchers cautioned the government about issuing sovereign international bonds as it could have long-term impacts on the state exchequer. Muhith said the economists told him that foreign exchange reserves would not increase in future due to decline of remittance and export earnings so the government should make a different plan.

Source: Dhaka Tribune February 27, 2017 17:26 UTC