Bangladesh's revenue receipts increase 21pc.

[Bilal9]

@The Eagle bhai I think the mudslinging here has gone on long enough... your call...

 

[SpaceMan18]

At least India can back it up with stats. Bangladesh with meager $25 billion in revenue talks big as if they matter anywhere. Lol.

Shut up Currycell , go get laid manlet

Indians are indeed retarded , talking to them is a waste of time

Sigma Male Grindset #45

 

[Homo Sapiens]

In FY2019 the ratio declined to 8.9 per cent from 9.4 per cent a year ago.

Nation’s tax-GDP ratio lowest in South Asia

The tax-to-GDP ratio in Bangladesh is still one of the lowest in the world 50 years after the country’s independence although it has meanwhile seen...

www.newagebd.net

From the data already posted & GDP data from their statistics office, Tax to GDP ratio in;

2018-19: 8.9%
2019-20: 8.1%
2020-21: 8.63%

From 9.4% in 2017-18 to 8.63% in 2021. Probably the only developing economy with an already low tax to GDP ratio, which is decreasing at this rate. Either that or they are overestimating their GDP.

This is due to COVID-19 lockdown adversely impacted the revenue collection in the last two fiscal year. India also suffered negative growth in this time period like many others. So this downward trends should not be taken as a normal or unique trend for Bangladesh.

2020-21 probably yes, but what about 2019?

Bangladesh's fiscal year is different than India. Bangladesh's 2019-2020 fiscal year was from July2019 to June 2020. Within this period, last 2 months was complete lock down.

 

[Homo Sapiens]

At least India can back it up with stats. Bangladesh with meager $25 billion in revenue talks big as if they matter anywhere. Lol.

What you are saying here is close to what only NBR tax collected in 2019-2020 fiscal year(only year when revenue collection was negative due to COVID-19). NBR is not the only source of revenue collection. There are also Non-NBR tax revenue as well as non-TAX revenue. NBR in 2019-2020 collected 2.16 trillion Taka which is $26 Billion(which you are stating here), but overall revenue collection was 2.66 trillion Taka or $31 billion.

In last fiscal year(2020-2021) for which this is thread about, NBR tax collection increased 21 percent as per this report. So if we assume NBR revenue:Total revenue would remain same here like the previous year, then the last fiscal year's total revenue should be $38 billion. F2020-2021's budget was $67 billion, but actual realization would be around $57 billion due to shortfall of revenue collection.Govt. always set some unrealistic target for NBR to collect tax which obviously do not get fulfill, so actual budget implementation in Bangladesh is always lower than presented budget. For example, in 2018-2019(last year before pandemic stroke), budget presented was 4.65 trillion Taka, but actually implemented 3.92 trillion Taka. Current fiscal year's presented budget is 6.04 trillion Taka($71 billion), but actual implementation may not exceed 5.1-5.2 trillion Taka($60-61 billion) based on previous experience. This is how things are going in Bangladesh.

 

[Michael Corleone]

If you didn't notice, I was replying to the same member who made that comment. You poked your nose where it didn't belong & made it about your country. Not my fault.

Anyway, I did search the words ''nuclear'' & ''nuke'' here and found an absolute goldmine. Will be useful, lol.

You should search the words sanitation

At least India can back it up with stats. Bangladesh with meager $25 billion in revenue talks big as if they matter anywhere. Lol.

Lmao calm your tits virgin airlines

 

[SMX 3.0]

You should search the words sanitation

Already done.

World Bank Open Data

Free and open access to global development data

data.worldbank.org

Bangladesh: 48%
India: 60%.

This is due to COVID-19 lockdown adversely impacted the revenue collection in the last two fiscal year. India also suffered negative growth in this time period like many others. So this downward trends should not be taken as a normal or unique trend trend for Bangladesh.

Difficult to say given that Bangladesh overestimates GDP by quite a margin. I see you already have an entire thread here calling out your statistical office for unreliable data.

The downward trend started before COVID, please check the post you quoted.

Bangladesh's fiscal year is different than India. Bangladesh's 2019-2020 fiscal year was from July 2019 to June 2020. Within this period, last 2 months was complete lock down.

I am not talking about FY 2019-20. Bangladesh's tax to GDP ratio already fell to 8.9% from 9.4% in FY 2018-19, long before COVID.

 

[chinasun]

1. Sheikh HasinaPrime Minister of Bangladesh,

https://www.weforum.org/agenda/2019/10/bangladesh-is-booming/
Many see Bangladesh as a 'market’ of over 30 million middle- and affluent-class people and a ‘development miracle’. To me, our strengths are the societal values and peoples’ trust in Bangladesh. Equally, peoples’ aspiration to progress and their resilience as well as their confidence in our leadership. My father, the Father of our Nation Bangabandhu Sheikh Mujibur Rahman, dreamt of a Sonar Bangla, an exploitation-free and just society. His vision gives us the confidence to move with our vision to advance Bangladesh as a developing country by 2021 and a developed country by 2041.
Bangladesh is quickly moving to a high-value, knowledge-intensive society, beyond apparel manufacturing. Last year, we exported 12 industrial robots to Korea. Four ships made in Bangladesh have come to India. Recently, Reliance purchased a large quantity of refrigerators made in Bangladesh. Bangladesh also has 600,000 IT freelancers – the largest freelancing community. This all speaks to a quiet transformation where people have taken risks and faced challenges by becoming more innovative and adopting technology. It is time that global investors, particularly Indian entrepreneurs, invest in Bangladesh in areas like education, light engineering, electronics, the automotive industry and artificial intelligence – beyond the conventional menu.
Bangladesh is urbanizing fast. By 2030, 48% of our population will live in towns and cities. Most will be young, energetic and digitally connected. They will be agile, receptive to new ideas and look for new ways of creating wealth. In fact, this is already happening with over 110 million active internet subscribers in Bangladesh. By 2025, mobile internet penetration will reach 41% population. Rapid urbanization, fed by increasing consumption of electricity and more than 30 million middle class citizens, is indeed a huge market.

The momentum behind Bangladesh's economic growth continues to build
Image: IMF
Some are concerned about the risks of investing in Bangladesh. Yes, we have challenges like many other countries. But in Bangladesh we know how to transform challenges into opportunities. This year, our economy posted record high growth of 8.1%. We are close to achieving double-digit growth. Since 2009, Bangladesh’s economy has grown by 188% in size. Our per-capita income has surpassed $1,909.
Our agriculture production is no longer about subsistence. Beyond self-sufficiency, we are now the fourth-largest rice produce, second-largest in jute producer, fourth-largest in mango production, fifth-largest in vegetable production and fourth-largest in inland fisheries in the world. We are decoding the genome of key crops and fruits to move further.
In transforming the country into a “Digital Bangladesh’, since 2009,we have ensured 100% ICT access for people at the grassroots. Our focus is to employ technology to solve common people’s developmental challenges. As a result, Bangladesh has the fifth-largest internet user population in Asia-Pacific. We are fast becoming a cashless society: last year, e-commerce transactions reached $260 million.
Today, Bangladesh offers the most liberal investment regime in South Asia – in terms of legal protection of foreign investment, generous fiscal incentives, concessions on machinery imports, an unrestricted exit policy, full repatriation of dividends and capital on exit. We are establishing 100 Special Economic Zones with one-stop service across Bangladesh. Twelve of the zones are already functioning. Two zones are reserved for Indian investors. A number of high-tech parks are also ready for technology and innovative enterprises.

 

[mmr]

At least India can back it up with stats. Bangladesh with meager $25 billion in revenue talks big as if they matter anywhere. Lol.

Back it up as in Pharmacy of the world .....and thouands of dead bodies in rivers

Super power 2020...now gdp lower then LDC BD

Manucaturing power house yet 90 percent indians use chinese phones to cry about chinese bullying.

Yup you guys have good track record.

 

[Protest_again]

Back it up as in Pharmacy of the world .....and thouands of dead bodies in rivers

Super power 2020...now gdp lower then LDC BD

Manucaturing power house yet 90 percent indians use chinese phones to cry about chinese bullying.

Yup you guys have good track record.

Lol. With all that you quoted, where is Bangladesh in all of it. Why take umbrage under China, little poodle?

India sells 150 million smart phones. 90% of all Chinese phones sold in India are made in India. Lol.

India's pharmaceutical exports are $25 billion. You poodles make so much hooplah about your pharmaceutical exports of just $167 million. Where is the sense of proportion here?

Be thankful India is there for you. Already we sent you 8-9 trains full of oxygen. Other wise how many would have been buried in Bay?

 

[Protest_again]

What you are saying here is close to what only NBR tax collected in 2019-2020 fiscal year(only year when revenue collection was negative due to COVID-19). NBR is not the only source of revenue collection. There are also Non-NBR tax revenue as well as non-TAX revenue. NBR in 2019-2020 collected 2.16 trillion Taka which is $26 Billion(which you are stating here), but overall revenue collection was 2.66 trillion Taka or $31 billion.

In last fiscal year(2020-2021) for which this is thread about, NBR tax collection increased 21 percent as per this report. So if we assume NBR revenue:Total revenue would remain same here like the previous year, then the last fiscal year's total revenue should be $38 billion. F2020-2021's budget was $67 billion, but actual realization would be around $57 billion due to shortfall of revenue collection.Govt. always set some unrealistic target for NBR to collect tax which obviously do not get fulfill, so actual budget implementation in Bangladesh is always lower than presented budget. For example, in 2018-2019(last year before pandemic stroke), budget presented was 4.65 trillion Taka, but actually implemented 3.92 trillion Taka. Current fiscal year's presented budget is 6.04 trillion Taka($71 billion), but actual implementation may not exceed 5.1-5.2 trillion Taka($60-61 billion) based on previous experience. This is how things are going in Bangladesh.

No country overestimate their budgets as Bangladesh do. Take the example of India, this year estimated tax collection is 22 trillion. India will overshoot it by at least 3-4 trillion. Even in Pandemic year India's revenue was higher than previous year.

When you are saying the GDP is growing by 8%, isn't it reasonable to estimate the tax collection should grow too. After all GDP is sum of all transactions with in the boundary of a country. If there is higher GDP, assumption is there'll be higher tax collection. Otherwise how are anyone to believe the GDP numbers?

India experienced 7% negative growth last year. Its car sales came down by 3% compared to 2019-20. Its mobile sales were almost same at about 150 million.

Where as Bangladesh says it grew by 5% but car sales have gone down 40%, mobile sales which were already low at 7 million, gone down by a million. However BBS comes out with stupendous growth numbers.

To top it all, you have your stupid fellow compatriots who would just take these numbers at face value and put on airs on this forum, trying to belittle India. If you are doing that, spare me if I show them their real face.

For God's sake, Indian railways have a revenue of $28 billion that's about what NBR collects in a year.

 

[Black Tornado]

No country overestimate their budgets as Bangladesh do. Take the example of India, this year estimated tax collection is 22 trillion. India will overshoot it by at least 3-4 trillion. Even in Pandemic year India's revenue was higher than previous year.

When you are saying the GDP is growing by 8%, isn't it reasonable to estimate the tax collection should grow too. After all GDP is sum of all transactions with in the boundary of a country. If there is higher GDP, assumption is there'll be higher tax collection. Otherwise how are anyone to believe the GDP numbers?

India experienced 7% negative growth last year. Its car sales came down by 3% compared to 2019-20. Its mobile sales were almost same at about 150 million.

Where as Bangladesh says it grew by 5% but car sales have gone down 40%, mobile sales which were already low at 7 million, gone down by a million. However BBS comes out with stupendous growth numbers.

To top it all, you have your stupid fellow compatriots who would just take these numbers at face value and put on airs on this forum, trying to belittle India. If you are doing that, spare me if I show them their real face.

For God's sake, Indian railways have a revenue of $28 billion that's about what NBR collects in a year.

Indian Railways revenue is ever increasing since Western Dedicated Freight Corridor was partially inaugurated wonder what will happen if it is completely operationalised, and other corridors as well, would be interesting. Never knew IR revenue is more than NBR.

 

[mmr]

Lol. With all that you quoted, where is Bangladesh in all of it. Why take umbrage under China, little poodle?

India sells 150 million smart phones. 90% of all Chinese phones sold in India are made in India. Lol.

India's pharmaceutical exports are $25 billion. You poodles make so much hooplah about your pharmaceutical exports of just $167 million. Where is the sense of proportion here?

Be thankful India is there for you. Already we sent you 8-9 trains full of oxygen. Other wise how many would have been buried in Bay?

Lmao Chinese phones assembled and packed in india yes.

Slumdogs export so much yet remain third world with below 2k per capita income. I wonder why i never see any thing made in india other then slun dogs call center trying to scam here for few dollars.

 

[Protest_again]

Lmao Chinese phones assembled and packed in india yes.

Slumdogs export so much yet remain third world with below 2k per capita income. I wonder why i never see any thing made in india other then slun dogs call center trying to scam here for few dollars.

India exports 10 billion worth of goods every year to a shit hole to our east. There you would see from motorcycles to buses to commercial vehicles to Tractors, all made in India. Lol.

 

[Homo Sapiens]

When you are saying the GDP is growing by 8%, isn't it reasonable to estimate the tax collection should grow too. After all GDP is sum of all transactions with in the boundary of a country. If there is higher GDP, assumption is there'll be higher tax collection. Otherwise how are anyone to believe the GDP numbers?

Tax collection in Bangladesh is also growing, but not enough to increase the tax:GDP ratio in a short time. It just keeping pace with GDP growth rate. Otherwise you would have seen Tax:GDP ratio declining.

Report for Selected Countries and Subjects

www.imf.org

Look at this IMF data chart. General government revenue and expenditure of both Bangladesh and India from 2011 to 2020. For both countries, revenue and expenditure are more or less static as a percentage of GDP, although budget in this time at least doubled for both countries. This only indicate, revenue collection is keeping pace with GDP growth. But there is a big gulf between India and Bangladesh here about the ability of revenue collection as a percentage of GDP. India from the beginning, collecting revenue twice as percentage of GDP compared to Bangladesh. There are historic reasons for this disparity and also the fact that, tax evasion in Bangladesh is extremely high. This low tax collection, low govt. expenditure is the reason, Bangladesh was behind India in building big ticket infrastructure projects up until now. Bangladesh's general govt. expenditure is only about half of what India spend as a percentage of GDP.

 

[Protest_again]

Tax collection in Bangladesh is also growing, but not enough to increase the tax:GDP ratio in a short time. It just keeping pace with GDP growth rate. Otherwise you would have seen Tax:GDP ratio declining.

Report for Selected Countries and Subjects

www.imf.org

Look at this IMF data chart. General government revenue and expenditure of both Bangladesh and India from 2011 to 2020. For both countries, revenue and expenditure are more or less static as a percentage of GDP, although budget in this time at least doubled for both countries. This only indicate, revenue collection is keeping pace with GDP growth. But there is a big gulf between India and Bangladesh here about the ability of revenue collection as a percentage of GDP. India from the beginning, collecting revenue twice as percentage of GDP compared to Bangladesh. There are historic reasons for this disparity and also the fact that, tax evasion in Bangladesh is extremely high. This low tax collection, low govt. expenditure is the reason, Bangladesh was behind India in building big ticket infrastructure projects up until now. Bangladesh's general govt. expenditure is only about half of what India spend as a percentage of GDP.

So tell me how you calculate your GDP? I only know one formula.

Consumption + Private investment + Govt expenditure + Net exports

Let's take one by one

Do you think consumption in Bangladesh could be anywhere near India? You can take any metric. Vehicles? Mobiles? Electronics? Household consumption? Housing? Electricity? Petrol? Anything.

Private investment is neck and neck about 30% each. Bangladesh could be ahead slightly. But with a lot of FDI coming into the country, this too is going up.

Govt expenditure India spends $940 billion a year compared to $50 billion of Bangladesh. There is no comparison.

Report for Selected Countries and Subjects

www.imf.org

India has better net exports than Bangladesh. India does over 500 billion in overall exports with last year ending in trade surplus. This year we can expect a trade deficit of about 50 billion. Where as Bangladesh is expected to have about $30 billion in deficit. Compared to your economy that is huge.

So how exactly Bangladesh is matching India in GDP?