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Bangladesh warns of eroding public trust due to poor services despite taxes, urging reforms for better collection, delivery, and fiscal sustainability.
Bangladesh's finance adviser and other officials warn that poor public services despite tax payments risk eroding public trust, urging reforms to boost tax collection and service delivery.
Speaking at a seminar, they stressed reducing reliance on bank borrowing by expanding the bond and Sukuk markets, promoting private sector investment, and improving financial literacy.
Concerns were raised over delayed approvals, weak regulatory oversight, and risks from past mistakes, with calls for transparent rules, stronger legal frameworks, and sustainable pension systems.
Experts emphasized the need for real asset-backed securities, long-term investment culture, and global collaboration to build a resilient capital market and strengthen fiscal sustainability.
Bangladesh advierte sobre la erosión de la confianza pública debido a los malos servicios a pesar de los impuestos, instando a reformas para una mejor recolección, entrega y sostenibilidad fiscal.