NBR likely to miss FY 2013-14 target  

The National Board of Revenue is likely to miss the target of realising Tk 1,25,000 crore revenue in the just ended fiscal year 2013-14 as the board fetched around Tk 1,03,625.31 crore during the eleven-month of the last fiscal. Thus it is hardly possible for the national exchequer to collect more Tk 22,000 crore revenues in a single month (June).

According to the NBR, the board bagged Tk 1,03,626 crore as against the target of realising Tk 1,06,299.82 revenues during the July-May period of the last fiscal (2013-14), posting about Tk 3,000 crore revenue shortfall.

In the beginning of the last fiscal year, the government set a target of realising Tk 1,36,000 crore revenues in FY 2013-14.

NBR1Later, the board revised the proposed revenue target at Tk 1,25,000 crore experiencing serious political turmoil in the first half of the last fiscal centring the 10th national election on January 5, which heavily disrupted the country’s trade, export, import and overall economy.

Still, the board has to earn more than Tk 22,000 crore revenues to meet the revised revenue target.

Analysing the revenue collection during the July-May period of 2013-14, it has been found that the board on average bagged Tk 9,663 crore revenues per month.

NBR officials said it would be impossible to earn revenue of Tk 22000 crore in a single month.

NBR sources said that the total revenue collection during the last fiscal is yet to be finalized and the board fears of a shortfall of around Tk 7,000 to 8,000 crore in its revenue collection.

To keep the shortfall at low level, the high officials of the board has alerted to the tax officials to provide their earnest efforts in collecting revenue in line with the target.

In addition, the national exchequer had given target of revenue collection to the concerned official for the months of May and June to attain the revised revenue target of the board.