Muhith optimistic to achieve revenue target in FY18

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Finance Minister AMA Muhith on Wednesday hoped that the government would be able to achieve the revenue target for the fiscal 2017-18 (FY-18).

“During the July-November, the revenue collection was not good. But, I think the scenario will be changed and the revenue collection process will expedite as people is showing their willingness to pay taxes,” Muhith told newsmen on the sideline of the Cabinet Committee on Government Purchase (CCGP) meeting held at the Cabinet Division in the capital.

The government has set a target of Tk 248,190 crore revenue collections for the current fiscal. It also targeted to collect Tk 84,066.32 crore for the first five months. But, Tk 75,308.55 crore was collected in the first five months.

Replying to a question, he said there is no possibility to change the revenue target and if needed, the target is likely to adjust during revision, but it will not be changed largely.