Bangladesh : Fiscal Costs of Non-Financial Public Corporations

Research English OPEN
Kojo, Naoko C. (2010)
  • Publisher: World Bank, Washington, DC
  • Subject: 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

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.
Share - Bookmark