15pc revenue growth in 11 months of FY05
Star Business Report
The National Board of Revenue (NBR) achieved about 15 percent growth in revenue collection in the first 11 months of the present fiscal year (FY), NBR sources said.The growth in the revenue collection at the same time in the last FY was about 11 percent. The NBR collected Tk 25,998 crore out of the Tk 30,500 crore of the revised budget of the FY 2004-05. It has to collect Tk 4,502 crore within June to reach the target. NBR high officials, however, said it is possible to collect the rest of the revenue before the deadline. The growth in revenue collection in the import level stood at 14.52 percent with the total collection of Tk 13,507, while the growth was 13 percent with the collection of Tk 7974 at the local level. The growth in the income tax level was 21.64 percent making the total collection at Tk 4310 crore. The original target of revenue collection in the present FY was fixed at Tk 32,190 crore, which was made Tk 30,500 crore in the revised budget with a target of 16.45 percent growth compared to the previous FY.
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