NBR tax collection reached 65.52 per cent of the annual target of BDT 499,000 crore during July-April FY2026, representing an increase of BDT 31,327 crore compared to the corresponding period of the previous year. Despite this increase, the collection still fell short of the revised July–April target by BDT 104,533 crore (NBR, 2026). Export performance continued to weaken during July–April FY2026, registering a negative year-on-year growth of 2.02 per cent. However, exports rebounded strongly on a monthly basis, with a year-on-year growth of 32.92 per cent in April 2026 as earnings reached USD 4.01 billion (EPB, n.d.). Headline inflation eased marginally to 8.59 per cent in April 2026, while food inflation also recorded a slight moderation to 7.92 per cent. However, the stagnation in non-food inflation, combined with declining wage growth of 8.10 per cent, continues to weaken household purchasing power and erode real incomes (BBS, 2026a). In April 2026, the World Bank projected Bangladesh’s GDP growth at 3.90 per cent, the Asian Development Bank (ADB) at 4 per cent, and the International Monetary Fund (IMF) at 4.70 per cent. On inflation, all three institutions expect continued price pressures, with projections of 8.60 per cent (World Bank, 2026), 9 per cent (ADB, 2026), and 9.20 per cent (IMF, 2026). Net sales of National Savings Certificates (NSCs) recorded a deficit of BDT 2,690 crore during July–March FY2026, a sharp improvement from the BDT 8,691 crore deficit in the corresponding period of FY2025, reflecting reduced outflows but continued negative growth trend (Bangladesh Bank, 2026a).
Author: Md. Imran Nazir, Programme Associate, CPD
Series Editor: Dr Fahmida Khatun, Executive Director, CPD
Publication Period: June 2026
