The government of Bangladesh plans to increase non-tax revenue (NTR) collection to Tk 500 billion in the upcoming fiscal year, a rise of Tk 50 billion compared to the current fiscal budget. This target comes in response to the decline in tax revenue and is supported by recent fee increases by government organizations and service providers. NTR is generated from various sources such as telecom and postal services, travel and tourism, utility services, state-owned banks’ profits, insurance, rents, royalties, and fines. To achieve the revenue target, departments like the Registrar of Joint Stock Companies and Firms, Immigration and Passport Department, and the shipping ministry are revising fees and charges. The International Monetary Fund (IMF) has urged Bangladesh to enhance revenue collection, including non-tax revenue, and has mandated an annual increase of 0.5% of the GDP.
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