Dhaka, March 29 -- The government plans to tackle the ongoing economic pressure by significantly increasing revenue collection instead of taking on new loans, Prime Minister's Economic and Planning Adviser Rashed Al Mahmud Titumir said on Sunday.

Titumir said expenditure on ensuring uninterrupted fuel supply has nearly doubled amid the Middle East situation, but the government is unwilling to finance this burden through borrowing. Instead, it is focusing on widening the tax net and improving compliance.

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"We will not increase tax rates; rather, we will expand the tax base. Those evading taxes will be brought under the proper monitoring" Titumir sa...