Bangladesh : Fiscal Costs of Non-Financial Public Corporations

The overall fiscal position of Bangladesh looks sustainable, but there are concerns that the country may be trapped in a low revenue-low capital spending equilibrium, which is holding back Bangladesh’s growth potential. Eliminating wasteful spending and halting fiscal drains through inefficient n...

Full description

Bibliographic Details
Main Author:	Kojo, Naoko C.
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2015
Subjects:	ISSUANCE OF GOVERNMENT SECURITY TARIFFS CONTINGENT LIABILITIES POWER GRID HOLDING POWER PLANTS OIL PRICE ACCOUNTING REFINED PRODUCTS DEFAULTS STOCK PRICE OF POWER ELECTRICITY TARIFF POWER STATION MARKET LEVELS INTEREST POWER STATIONS GUARANTEES POWER CRISIS OIL COMPANY ACTIVITIES GENERATION INTEREST RATE TREASURY BOND EXCHANGE BANKING SYSTEM LIQUIDITY NON- PERFORMING LOANS TOTAL DEBT PORTFOLIO EQUITY FINANCING FINANCIAL STATEMENTS BONDS LOAN POWER SHORTAGES ENERGY GENERATION GAS WHOLESALE PRICE PRICE TAX VOLTAGE DISTRIBUTION OF ELECTRICITY INCOME TAX GOVERNMENT GUARANTEES INFLATION BUDGET CONVERSION LONG-TERM DEBT CAPACITY UTILIZATION OILS EQUITY CAPITAL GENERATION CAPACITY RURAL ELECTRIC PETROLEUM OIL PRICES INDEBTEDNESS FORGIVENESS OIL CURRENCY BOND ISSUES GOVERNMENT REGULATIONS POWER GENERATION PRICES OF FUELS ENERGY SOURCES POWER SECTOR ELECTRIC SUPPLY PUBLIC FUNDS REFINED PETROLEUM PRODUCTS PRIVATE BANKS DEMAND FOR PETROLEUM PRODUCTS WATER CASH PAYMENT FUEL FOR POWER GENERATION DOMESTIC BANKS DEBT FUEL PRODUCTS ELECTRICITY SUPPLY RETURN BOND ISSUE GOVERNMENT SECURITY ACCOUNTS RECEIVABLE LOANS ISSUANCE OF GOVERNMENT SECURITIES DEBT SERVICE CASH TRANSFERS FUELS POWER DISTRIBUTION FUEL COSTS POWER PRODUCERS FINANCE GASIFICATION POWER PURCHASE AGREEMENTS MARKET INTEREST RATE EXPENDITURE GOVERNMENT SECURITIES INTERNATIONAL STANDARDS EQUITY TAX RATE MINERAL RESOURCES WHOLESALE PRICES BALANCE UTILITIES SUPPLY OF ELECTRICITY POWER ELECTRICITY SALES ELECTRICITY SHORT-TERM DEBT GAS SUPPLY GAS SUPPLIES GOVERNMENT EXPENDITURE DOMESTIC BANKING ELECTRICITY GENERATION FINANCIAL PERFORMANCE CHEMICAL INDUSTRIES ISSUANCE LOAN PORTFOLIO ELECTRICITY TARIFFS IMPORTS OF PETROLEUM BALANCE SHEET DEBT STOCKS MARKET ENERGY PRICES FOREIGN LOANS NON-PERFORMING LOAN PETROLEUM SECTOR SECURITIES TREASURY SOLVENCY FUEL OILS NATURAL GAS CRUDE OIL PRICE SECURITY BANK LOANS INTEREST ARREARS INVESTMENT OUTSTANDING DEBT TARIFF STRUCTURE BOND COMMERCIAL BANKS TREASURY BONDS NUCLEAR POWER TARIFF DISTRIBUTION NETWORK DEBT SERVICE PAYMENTS CRUDE OIL FUEL FUEL OIL REVENUE AVAILABILITY PROFIT FINANCIAL SUPPORT LENDING TAX PAYMENTS DEBT FORGIVENESS AMOUNT OF DEBT EXCHANGE RATE PETROLEUM PRODUCTS PROFITS ELECTRICITY DISTRIBUTION DIESEL COMMODITY PRICES KEROSENE LIABILITIES LONG-TERM LOANS ARREARS PRICES LIQUIDITY PROBLEMS NUCLEAR POWER PLANTS POWER PLANT TAX OBLIGATIONS ENERGY
Online Access:	http://documents.worldbank.org/curated/en/2015/07/24848096/bangladesh-fiscal-costs-non-financial-public-corporations http://hdl.handle.net/10986/22536

Description
Summary:	The overall fiscal position of Bangladesh looks sustainable, but there are concerns that the country may be trapped in a low revenue-low capital spending equilibrium, which is holding back Bangladesh’s growth potential. Eliminating wasteful spending and halting fiscal drains through inefficient non-financial public corporations (NFPCs) are important ways to create fiscal space, particularly in the area of infrastructure. This paper reviews the financial performance of the NFPC sector in Bangladesh, with a specific focus on two major loss-making firms: Bangladesh Petroleum Corporation (BPC) and Power Development Board (PDB). The objective of this paper is to update the Bank’s knowledge on the financial performance of the NFPC sector and estimate the fiscal costs emanating from the sector.

Bangladesh : Fiscal Costs of Non-Financial Public Corporations

Similar Items