Budgetary Adjustments to Deal with the Postponement of the New VAT Law : Bangladesh Policy Note

Postponement of 2012 VAT Law requires significant early adjustments in the FY18 Budget to tap additional sources of revenue and expenditure saving to increase fiscal space. Automation, process simplification, and dispute resolution may bring additi...

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Bibliographic Details
Main Author:	World Bank
Format:	Policy Note
Language:	English
Published:	World Bank, Washington, DC 2018
Subjects:	BUDGET EXPENDITURE ADJUSTMENT REVENUE VAT REVENUE VALUE ADDED TAX BUDGET DEFICIT PUBLIC EXPENDITURE REVENUE MOBILIZATION CONCESSIONAL FINANCE EXTERNAL AID
Online Access:	http://documents.worldbank.org/curated/en/247101535709129997/Bangladesh-Policy-Note http://hdl.handle.net/10986/30407

id	okr-10986-30407
recordtype	oai_dc
spelling	okr-10986-304072021-05-25T09:17:57Z Budgetary Adjustments to Deal with the Postponement of the New VAT Law : Bangladesh Policy Note World Bank BUDGET EXPENDITURE ADJUSTMENT REVENUE VAT REVENUE VALUE ADDED TAX BUDGET DEFICIT PUBLIC EXPENDITURE REVENUE MOBILIZATION CONCESSIONAL FINANCE EXTERNAL AID Postponement of 2012 VAT Law requires significant early adjustments in the FY18 Budget to tap additional sources of revenue and expenditure saving to increase fiscal space. Automation, process simplification, and dispute resolution may bring additional tax revenues in the immediate future. These are elaborated in an earlier note dated July 22, 2017. This note focusses on developments in non-development capital expenditures, loans and advances, and block allocations in the revenue budget that can generate significant expenditure saving in addition to the usual ADP implementation shortfall. These can be complemented by reforms that will help enhance concessional external financing to ease the pressure on the relatively more expensive domestic financing of the budget deficit. 2018-09-11T20:28:26Z 2018-09-11T20:28:26Z 2017-07-24 Policy Note http://documents.worldbank.org/curated/en/247101535709129997/Bangladesh-Policy-Note http://hdl.handle.net/10986/30407 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Policy Notes Economic & Sector Work South Asia Bangladesh
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	BUDGET EXPENDITURE ADJUSTMENT REVENUE VAT REVENUE VALUE ADDED TAX BUDGET DEFICIT PUBLIC EXPENDITURE REVENUE MOBILIZATION CONCESSIONAL FINANCE EXTERNAL AID
spellingShingle	BUDGET EXPENDITURE ADJUSTMENT REVENUE VAT REVENUE VALUE ADDED TAX BUDGET DEFICIT PUBLIC EXPENDITURE REVENUE MOBILIZATION CONCESSIONAL FINANCE EXTERNAL AID World Bank Budgetary Adjustments to Deal with the Postponement of the New VAT Law : Bangladesh Policy Note
geographic_facet	South Asia Bangladesh
description	Postponement of 2012 VAT Law requires significant early adjustments in the FY18 Budget to tap additional sources of revenue and expenditure saving to increase fiscal space. Automation, process simplification, and dispute resolution may bring additional tax revenues in the immediate future. These are elaborated in an earlier note dated July 22, 2017. This note focusses on developments in non-development capital expenditures, loans and advances, and block allocations in the revenue budget that can generate significant expenditure saving in addition to the usual ADP implementation shortfall. These can be complemented by reforms that will help enhance concessional external financing to ease the pressure on the relatively more expensive domestic financing of the budget deficit.
format	Policy Note
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Budgetary Adjustments to Deal with the Postponement of the New VAT Law : Bangladesh Policy Note
title_short	Budgetary Adjustments to Deal with the Postponement of the New VAT Law : Bangladesh Policy Note
title_full	Budgetary Adjustments to Deal with the Postponement of the New VAT Law : Bangladesh Policy Note
title_fullStr	Budgetary Adjustments to Deal with the Postponement of the New VAT Law : Bangladesh Policy Note
title_full_unstemmed	Budgetary Adjustments to Deal with the Postponement of the New VAT Law : Bangladesh Policy Note
title_sort	budgetary adjustments to deal with the postponement of the new vat law : bangladesh policy note
publisher	World Bank, Washington, DC
publishDate	2018
url	http://documents.worldbank.org/curated/en/247101535709129997/Bangladesh-Policy-Note http://hdl.handle.net/10986/30407
_version_	1764471925994684416

Budgetary Adjustments to Deal with the Postponement of the New VAT Law : Bangladesh Policy Note

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