Jumbangla Desk: Chief Advisor Dr. Muhammad Yunus said, in the last three months, we have been able to repay almost 2 billion dollars in foreign debt without touching the reserves.
Addressing the nation on the occasion of 100 days of the interim government on Sunday (November 17) at 7 pm. Yunus said this. He said that the amount of accumulated arrears in fuel oil import has been reduced from 478 million dollars to 160 million dollars . We are making every effort to restore the economy.
The Chief Adviser said that various donor agencies including World Bank, IMF have already pledged about eight billion dollars as loans and grants, which will enable us to mobilize our fragile economy. The National Board of Revenue is struggling to speed up revenue collection in the fragile economic situation that the deposed government has left us. In spite of this, a quarter of 9 percent growth has been achieved in revenue collection till October from the negative situation in July. The revised budget of the previous financial year had a huge revenue deficit. That is why the target of revenue collection has increased from the beginning. This resulted in a deficit of more than 23 percent against the target, despite a 9 percent increase in revenue in the three months following the fall of the dictatorship. I now encourage online filing of income tax returns to speed up revenue collection.
Incidentally, the then Prime Minister Sheikh Hasina left the country and fled to India after resigning in the face of the anti-discrimination student movement on August 5. This led to the collapse of the 15-year autocratic Awami regime. Then on August 8 Nobel-winning economist Dr. An interim government was formed with Muhammad Yunus as the chief adviser.
