Dhaka, May 3 -- Government's revenue authority launches an extensive drive to recoup domestic revenue shortfall by tapping potential sectors as limited scope left for a last-quarter boost in taxing development-project spending.
Field-level officials say implementation of the Annual Development Programme (ADP) is traditionally a major source of domestic revenue, contributing significantly -- particularly in the final quarter of a fiscal year -- with taxes deducted at source from government payments.
However, fiscal constraints and ongoing global uncertainties have forced the government to scale down development spending, weakening this key revenue stream.
Government expenditure dropped significantly, to approximately Tk 122.80 billion i...
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