Dhaka, March 29 -- Bangladesh has begun a sweeping correction of its economic data after years of "exaggerated" GDP figures, Prime Minister's Finance and Planning Advisor Rashed Al Mahmud Titumir has said

He said the past systems were marked by "distortion and weak fiscal credibility".

Speaking after a meeting of the National Board of Revenue (NBR) Revenue Collection Task Force on Sunday, Titumir said previous governments had inflated GDP growth rates and overall economic size to serve "political aims", a practice now under review.

"Through the White Paper Committee, you have learned how data has been manipulated across sectors," he said.

"When we determine the real size of GDP, its proportional indicators -- including taxation -- wil...