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
☐ As a share of GDP, major public finance correlates were lower than the
previous year
➤ Both revenue-GDP ratio and public expenditure ratio declined further
➤ Budget deficit could be kept below the 5% threshold and well below the programmed
level of 5.5%
Budget implementation slowed down
Headline components (revenue, public expenditure and budget deficit) remained within
the 80-85% range
☐ Some compositional shifts were observed within the domains of public
finance
Share of NBR in total revenue declined
Share of ADP in total public expenditure fell
Bank borrowing ballooned in the absence of financing from net NSC sales
CPD (2023): State of the Bangladesh Economy in FY2023-24 (First Reading)
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