The tax-to-GDP ratio is a ratio of a nation's tax revenue relative to its gross domestic product, the value of goods and services produced in a country during a certain period. The ratio is also a marker of how well the government controls a country's economic resources. According to an official document, the tax to GDP ratio in the current fiscal year has been estimated at 11.9 per cent, while it was 12.4 per cent in fiscal 2019-20. Currently, the tax to GDP ratio of the country is much lower than the neighbouring and other developing countries. The ratio is 25.6 per cent for developing countries and 35.9 per cent for developed countries, according to the data.

Source: Dhaka Tribune December 03, 2020 18:45 UTC