State of the Bangladesh Economy in FY2023-24 (First Reading)
Independent Review of
RBD
Bangladesh's Development
Brief overview of public finance scenario in FY2023
Major elements of public finance as a share of GDP and their implementation rate
Share of GDP (%)
Implementation rate (%)
Elements
BFY22
AFY22
BFY23
AFY23
AFY22
AFY23
A. Total revenue
9.8
8.4
9.8
8.2
86.2
84.5
A.1 Tax revenue
8.7
7.5
8.7
7.4
86.6
84.5
A.1.1 NBR tax
8.3
7.4
8.3
7.2
88.8
86.4
A.1.2 Non-NBR tax
0.4
0.2
0.4
0.2
41.9
44.3
A.2 Non-tax revenue
1.1
0.9
1.0
0.9
82.8
84.9
B. Total expenditure
15.2
13.1
15.3
12.7
86.0
83.2
B.1 ADP
5.7
4.7
5.5
4.3
82.6
77.5
B.2 Non-ADP
9.5
8.4
9.7
8.4
88.0
86.4
C. Budget deficit excl. grants (A-B)
-5.4
-4.6
-5.5
-4.5
85.8
80.8
D. Total financing
5.3
4.6
5.4
4.4
85.6
80.4
D.1 Net foreign borrowing
2.5
1.6
2.2
1.7
66.6
79.9
D.2 Net domestic borrowing
2.9
2.9
3.3
2.7
102.0
80.7
D.2.1 Net bank borrowing
1.9
1.9
2.4
2.7
98.8
111.0
D.2.2 Net non-bank borrowing
D.2.2.1 National savings schemes (net)
D.2.2.2 Others
0.9
1.0
0.9
0.0
108.6
0.3
0.8
0.5
0.8
-0.1
63.3
-9.6
0.1
0.5
0.1
0.1
398.7
69.1
Source: Author's calculation from MoF and Bangladesh Bureau of Statistics (BBS) data.
Note: 1. 'B' denotes budgetary targets, 'A' denotes actual attainment. 2. Actual GDP of FY2022 and provisional GDP of FY2023 were used to calculate the shares.
CPD (2023): State of the Bangladesh Economy in FY2023-24 (First Reading)
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