Tag: Fiscal Policy

Bangladesh's Next Budget

The immediate steps are neither mysterious nor technically complex: Broadening the VAT base by reducing exemptions, strengthening the Large Taxpayer Unit to capture income from professionals and the informal wealthy, and automating tax administration to reduce discretion and corruption.

Who Pays for Interest-Free Loans? We All Do.

Money is not free. Interest-free loans do not eliminate cost; they merely obscure it. Whether financed through budgetary allocations or institutional balance sheets, the subsidy embedded in such loans must ultimately be borne by someone.