Non-tax revenue (NTR), the second-biggest source of government revenues, decreased by more than 33% in 10 months until April of last fiscal year 2021-22, with its impact on total resource mobilization.
Sources said that lesser-than-targeted collection of fees and receipts from a number of heads reduced NTR collections.
Total July-April receipts in FY22 came to Tk30,320 crore, down by 33.39% from that of the same period of FY21, according to an official statement prepared by the finance division of the Ministry of Finance (MoF).
People at the division said that there were many aspects of the NTR that were lower than corresponding previous period's.
They named interest, administrative charges and fees, and income from the department of immigration and passports.
The interest which usually comes from investment hurtled down nearly 80% to Tk1,502 crore during the July-April period up to which the counts were available.
The earnings from "other NTR and receipts" shrank nearly 53% to Tk13,413 crore during the period under review.
Many services sectors that render services to people had a slump due to the Covid-19, leading to falling earnings from a number of sources of the NTR, said an official at the Finance Division.
He mentioned that earnings from the investments were also impacted by lower interest rates on the financial market.
The government estimated Tk43,003 crore as NTR in FY22.
There was a robust receipt of NTR worth Tk58,861 crore in FY21.
During FY22, the government enacted a law in parliament to receive additional earnings from the state-owned enterprises, especially from energy-related ones, in view of the crunch time for resources owing to multiple crises on the economic front.
This shortfall of the revenues, however, did not affect budget execution as the government resorted to belt-tightening in spending in the last fiscal year, the official also said.
Development spending was at least 7% lower than estimated for the fiscal 2022.
However, there were many heads that fetched much more than the earmark for the same reference period.
The receipts as dividends and profits from the state-owned enterprises surged to Tk4,331 crore during the period under review, up more than 227%.
Receipts from administrative fees and charges were up at Tk1,895 crore in the July-April period in a rise by more than 10% year-on-year.
Government exchequer got Tk701 crore during the period under review.
It was Tk649 crore or more than 8% lower during July-April of FY21.
However, the total government revenue mobilization during the period was Tk306,800 crore, higher than the receipt of Tk253,300 crore during the same period of FY21.