The Institute of Public Finance (IPF) says missed revenue targets this year and in the medium term could lead to spending cuts on sectors crucial for poverty reduction and economic development.
In its Macro Fiscal Analytic Snapshot report published Monday, the public finance think tank said the consistent revenue underperformance over the last five years indicates that the government might not manage to increase its income to 19 percent of gross domestic product (GDP) by 2025/26 financial year as expected.
