Poverty Reduction and Government Expenditure on Social Safety Net Bangladesh Perspective

Poverty reduction is the most important challenge for Bangladesh and the social safety net SSN program is the mainstay of poverty alleviation strategies. Over the last decade, the country has increased safety net budget significantly and has achieved remarkable success in poverty reduction. The Government of Bangladesh has allocated 7.65 billion US dollars for social safety net programs in the financial year 2018 2019, but this expenditure is not sufficient in the context of the present situation. Insufficient tax revenue is the main barrier to effective public spending. In addition, institutional incapacity and poor tax compliance made the country's tax GDP ratio is only 10.6 . To become a poverty free nation, Bangladesh needs a sufficient revenue base to spend on SSN program. Shake Mohammed Humayun Kabir "Poverty Reduction and Government Expenditure on Social Safety Net: Bangladesh Perspective" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-3 | Issue-5 , August 2019, URL: https://www.ijtsrd.com/papers/ijtsrd25277.pdfPaper URL: https://www.ijtsrd.com/economics/development-economics/25277/poverty-reduction-and-government-expenditure-on-social-safety-net-bangladesh-perspective/shake-mohammed-humayun-kabir