No alternative to automation to increase revenue: Minister of State for Finance
State Minister for Finance and Awami League’s Finance and Planning Secretary Wasika Ayesha Khan has commented that there is no alternative to automation to increase revenue.
On Tuesday (April 30) at 10:30 am in the grand ballroom of Amari Dhaka, Gulshan, the Policy Research Institute of Bangladesh (PRI) presented the presentation of 'Bangladesh's Domestic Resource Mobilization: Imperatives and a Roadmap'. She said these things.
The Minister of State for Finance said that currently everyone can submit returns online. Since the informal sector of Bangladesh is very large, tax collection from this sector is important. In this case, the private sector can help us.
Wasika Ayesha Khan said, besides discussing the money market, private and government loans, there is a need to discuss more about the 'capital market'. Everyone needs to work on how to bring more good companies to the market. Then the pressure on the money market will reduce. It is important to increase the capital market, equity market and bond market.
She also said that the current government is working tirelessly to build Smart Bangladesh after the successful implementation of Digital Bangladesh under the groundbreaking leadership of Bangabandhu's daughter Prime Minister Sheikh Hasina. The country is now getting returns from the mega projects that have been implemented in the last 15 years under her able management. Due to the management of 'IBAS' (Integrated Budget and Accounting System-IBAS) efficiency of budget implementation has increased.
Earlier, even if the budget was passed, the first quarter of the financial year would pass before the implementation of the budget started. At present, the offices are using the budget from July 1.
The State Minister for Finance also assured that the Finance Ministry will consider the suggestions that have emerged from today's (April 30) discussion program very seriously.
Presided over by Economic adviser to the Prime Minister Dr. Mashiur Rahman, Chairman of the Board of Revenue (NBR) Abu Hena Rahmatul Munim and FBCCI President Mahbubul Alam were present as special guests.
PRI's executive director Ahsan H. Mansoor presented the keynote while the program was moderated by the chairman of PRI Dr. Zaidi Sattar.
Vice Chairman of PRI Dr. Sadiq Ahmed also spoke at the event. MCCI President Kamran T Rahman, CSE Chairman Asif Ibrahim, DCCI President Ashraf Ahmed were panel discussants.