Dhaka:Finance Minister Amir Khosru Mahmud Chowdhury expressed optimism today that the government will meet its revenue collection target as the country's economic situation is expected to improve gradually in the coming quarters.
According to Bangladesh Sangbad Sangstha, the minister conveyed his confidence during a discussion with senior officials of the National Board of Revenue (NBR) at their headquarters in Agargaon, Dhaka. He indicated that while the economic recovery will take time to become apparent, improvements are anticipated over the next few quarters.
The finance minister emphasized that government spending decisions are made with thorough calculations, ensuring no expenditure exceeds the financial capacity. He stressed the importance of ensuring public funds are utilized effectively to generate added value and employment opportunities.
Discussions with the International Monetary Fund (IMF) are ongoing, with a working group engaged in dialogue on several issues. Progress in these negotiations is anticipated by January. Chowdhury highlighted that the focus is not solely on securing an IMF loan but on engaging in a comprehensive economic programme involving the World Bank, Asian Development Bank, Islamic Development Bank, and other partners. Financing through various bonds is also part of the government's strategy.