Bangladesh Economy

[SoulSpokesman]

@hydrabadi_arab

Hydra bro,

When you say that Pak's tax revenue was USD 65 billion, you mean both federal and states own tax revenues together, right?

I guess our Bangladeshi friends are even less inclined to pay taxes than either Indians or Pakistanis.

Regards

 

[bengalcdn]

@hydrabadi_arab

Hydra bro,

When you say that Pak's tax revenue was USD 65 billion, you mean both federal and states own tax revenues together, right?

I guess our Bangladeshi friends are even less inclined to pay taxes than either Indians or Pakistanis.

Regards

That’s because unfortunately Bangladeshis are very corrupt people and lack civic sense or duty. The rich take loans from banks and launder that abroad while middle class and poor suffer.

 

[Afif]

Bangladesh actual revenue for 2024-25 was $35bn and GDP $448bn.

Pakistan actual revenue for 2024-25 was $65bn and GDP $407bn.

Can anyone explain why Bangladesh cannot rise their revenue share of GDP and continue to present wild estimates for budget only to be corrected massively when actual data come? I though new govt will change it but looking at today budget doesn't seem to be the case.

Because some of BD's government functions are much weaker than neighbouring Pak and India. For example, this year they targeted over $60 billions in revenue collection. But very likely won't be getting there.

However, BD's trade volume is sizably higher than Pak. So there's that. For example Pakistan total trade volume in 2024-2025 was $90.48 billion. BD's was $134 billions in the same period. Almost 50% higher.

 

[baldfish]

Because some of BD's government functions are much weaker than neighbouring Pak and India. For example, this year they targeted over $60 billions in revenue collection. But very likely won't be getting there.

However, BD's trade volume is sizably higher than Pak. So there's that. For example Pakistan total trade volume in 2024-2025 was $90.48 billion. BD's was $134 billions in the same period. Almost 50% higher.

Because Khamba baba takes away that cut. Before it was some boltu murid.

 

[CallSignMaverick]

Bangladesh actual revenue for 2024-25 was $35bn and GDP $448bn.

Pakistan actual revenue for 2024-25 was $65bn and GDP $407bn.

Can anyone explain why Bangladesh cannot rise their revenue share of GDP and continue to present wild estimates for budget only to be corrected massively when actual data come? I though new govt will change it but looking at today budget doesn't seem to be the case.

Except Bangladeshi Taka is naturally depreciating with time, even if controlled. While PKR is kept constant at $1 = ~280PKR since early 2023 at the same level. So USD value comparison is wildly misleading.

 

[Arthur]

Islami Bank faces withdrawal pressure: Tk3,500cr taken out in 5 days

Bank urges customers not to panic and withdraw money out of fear.

share.google

Khasru is going to **** up this economy.

Kasru is not fit to be the Finance Minister. It’s a poor selection to put him to that position.

Those countries needed workers to support their boom and we historically had a huge population of unskilled workers.

Contrary actually. Bengal was never a labour surplus nation. It was only in the late colonial times we reached that state. A result of long economic and political oppression that used to cause hundreds of thousands of deaths through famines, pandemics & genocide.

 

[LeonBlack08]

Kasru is not fit to be the Finance Minister. It’s a poor selection to put him to that position.

Contrary actually. Bengal was never a labour surplus nation. It was only in the late colonial times we reached that state. A result of long economic and political oppression that used to cause hundreds of thousands of deaths through famines, pandemics & genocide.

I meant the recent period - post independence. After the colonial powers turned us from most prosperous a couple of centuries ago to destitutes.

 

[baldfish]

I meant the recent period - post independence. After the colonial powers turned us from most prosperous a couple of centuries ago to destitutes.

Are you just going to ignore how politicians and nbr takes bribes to lower peoples taxes. On top of the fact that they intentionally make the process cumbersome so that people seek alternative ways?

Also why would most people pay taxes in Bangladesh? most of it gets looted anyway with very minimal return.

 

[LeonBlack08]

Are you just going to ignore how politicians and nbr takes bribes to lower peoples taxes. On top of the fact that they intentionally make the process cumbersome so that people seek alternative ways?

Also why would most people pay taxes in Bangladesh? most of it gets looted anyway with very minimal return.

I am not ignoring anything. Understand the context of the original discussion. He was referring to historic Bengal never having labour shortage. My response was to that.

As for corruption - it is unfortunately a national problem. Not limited to politicians or government officers. It can only be solved when we as a nation change with higher level of moral integrity. And that moral integirty won't come through this current secular establishment.

 

[hydrabadi_arab]

@hydrabadi_arab

Hydra bro,

When you say that Pak's tax revenue was USD 65 billion, you mean both federal and states own tax revenues together, right?

I guess our Bangladeshi friends are even less inclined to pay taxes than either Indians or Pakistanis.

Regards

Yes it include states/provinces. In Pakistan/BD case thats not much. Check if this chart is correct for India.

 

[SoulSpokesman]

@hydrabadi_arab

Hydra bro,

Yes, India's numbers are correct.

Regards

 

[Afif]

BB dissolves Islami Bank board, appoints administrator

The move comes as Islami Bank faces a severe liquidity crisis, with its current account with the central bank falling into a deficit of around Tk 4,000 crore in the past two weeks amid protests and controversy surrounding Khurshid Alam's appointment

share.google

S Alam guy out. Entire board dissolved. BNP wanted to **** around with some power play moves. That put the entire banking sector on edge and was on the verge of undoing some of dr. Yunus's critical reform work. Then they realized they wouldn't be able to gulp it down. (Not so easy)

@LeonBlack08 @AbuShalehRumi

 

[AbuShalehRumi]

BB dissolves Islami Bank board, appoints administrator

The move comes as Islami Bank faces a severe liquidity crisis, with its current account with the central bank falling into a deficit of around Tk 4,000 crore in the past two weeks amid protests and controversy surrounding Khurshid Alam's appointment

share.google

S Alam guy out. Entire board dissolved. BNP wanted to **** around with some power play moves. That put the entire banking sector on edge and was on the verge of undoing some of dr. Yunus's reform work. Then realized they wouldn't be able to gulp it down. (Not so easy)

@LeonBlack08 @AbuShalehRumi

I don't think it is over yet.
.
Islami bank is safe with its founder Jamat. And this government need Jamati money, foreign connections and management skills to survive.

 

[BananaRepublic]

Bangladesh actual revenue for 2024-25 was $35bn and GDP $448bn.

Pakistan actual revenue for 2024-25 was $65bn and GDP $407bn.

Can anyone explain why Bangladesh cannot rise their revenue share of GDP and continue to present wild estimates for budget only to be corrected massively when actual data come? I though new govt will change it but looking at today budget doesn't seem to be the case.

If I remember correctly - Economist answered that question few years ago.

Bangladesh tackled feudalism quite brutally.

whilst Pakistan and India resemble medieval society.

Given wealth is concentrated in a few families in India and Pakistan - they fall under higher tax brackets.

Whilst wealth is spread very thinly in Bangladesh - large number either don’t qualify for tax or fall under low tax brackets.

@uksyl @SoulSpokesman

Having said that, tax take has gone down under Yunus regime due to higher corruption.

 

[baldfish]

If I remember correctly - Economist answered that question few years ago.

Bangladesh tackled feudalism quite brutally.

whilst Pakistan and India resemble medieval society.

Given wealth is concentrated in a few families in India and Pakistan - they fall under higher tax brackets.

Whilst wealth is spread very thinly in Bangladesh - large number either don’t qualify for tax or fall under low tax brackets.

@uksyl @SoulSpokesman

Having said that, tax take has gone down under Yunus regime due to higher corruption.

And that is the source of pain for your calcutta masters! They lost their jomidari in east Bengal and are still crying about it.

Yunus improved a lot of things you Indian shills put in place to sabotage the country.