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Revenue collection up to mark: Kamal

FE REPORT | February 14, 2020 00:00:00

Finance minister AHM Mustafa Kamal said on Thursday revenue collection until December 2019 did not fall short compared to the same period last fiscal.

Revenue collection has posted significant growth and till now higher by Tk 120 billion than last year's.

"We always set a large target so that everyone tries to attain it. And everyone is trying to achieve the target," Mr Kamal continued.

He was talking to the media after a meeting of the cabinet committee on government procurement at Bangladesh secretariat.

"I request you, please take into consideration the global economy (and) then say whether we are in good or bad position," the minister said in reply to a query.

However, available data shows revenue collection fell short of target by Tk 315 billion until last December.

On hiring director, managing director and deputy managing director of private banks with approval from an appointment board of the central bank, he said it could be a good initiative if implemented.

The same process is followed in case of appointing the high-ups of public banks, Mr Kamal cited.

Meanwhile, an amendment to the Bank Company Act-1991 is underway with a provision of appointing private bank high-ups with the central board's approval.


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