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Interest Costs Have Been Eating Up Revenue

In 2023, for the first time in history, the government spent 9% of its GDP on interest payments, which took up 80% of the government revenue. A high interes...

Gazetted Taxes are 4.3ppt to 15.4ppt of Income Higher than Proposals Affirmed in the Interim Budget

The infographics provide details on how the recent personal income tax changes will affect the amount of personal income tax paid by an individual.

Workers’ Remittances in 2021 Falls to 10-Year Low

Remittances reached a 10-year low in 2021 with remittances falling by USD 1.61 billion from 2020 to 2021. The declining trend in remittances cont...