Assignment On Bangladesh Budget 2013-14

Government budget deficit is the difference between government revenues and expenditures. Government has different sources of revenues. Major portion of government revenues comes from direct and indirect taxes. Direct taxes come from income and profits of individuals and institutions and indirect taxes come from import duty, supplementary duty and value added tax. It can be put in different way. Direct taxes are the part of economic revenues and incomes of individuals and institutions and indirect taxes are the part of economic transactions in the form of buy, sale, export and import transactions. If government wants accelerate its revenues to meet the growing public expenditures and to reduce the budget deficit without reducing the expenditures of different influential sectors, much efforts should be made to increase economic revenues and income as well as the economic transactions so that the government revenues can meet the growing demand of the economy with the increase in revenues from income tax, import duty, supplementary duty and value added tax. In this regard the concentration of the report is on the management of deficit budget to minimize bad effects and maximize the utilization of funds. Having budget deficit is not a problem at all. The problems lie with the government inefficiency in the management of budget deficit. The evaluation of different reasons behind deficit budget and the evaluation of different bad effects of deficit budget are two crucial parts of our discussion. The impact of budget deficit on the different sectors of the economy is addressed here with relevant information. It is further concentration point of the report to find ways to improve the management performance of the government to achieve different macroeconomic goals with the help of expansion of economic revenues and transactions. The government revenues increase with the increase in economic revenues and economic transactions. The key point of our discussion is government should not decrease the public expenditures as the population is growing. The expenditures on different public sectors have to be increased as the population is growing. But budget deficit should not grow to meet the expenditures as budget deficit has some associated problems with it. For this reason government has to concentrate on accelerating the revenue collection rapidly with the expansion of economic revenues and economic transactions. For this reason government should try to integrate different policies to achieve key macroeconomic goals.

 

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Table of Content

Subject Page NoPermission

1

Chapter 1: Introduction and Background

Tribute, Acknowledgement 2-3

Chapter II: Implementation of Commitments

Our Commitments, Overall evaluation of implementation(Table 1 and 2), Facing Recession, Power and EnergySector, Digital Bangladesh, Agriculture and Food Security,Education Sector, Health Sector, Communication Sector,Trade and Commerce, Climate Change and Environment,Social Safety Net Programmes, Expatriate Welfare, Womenand Children Development, Commemorating friends of liberation war, Land Management4-11

Assessments of Progress (Table 3, 4 and 5)

11-14

Chapter III: Macro Economy and Global Perspective

Global Perspective, Growth (Table 6 and 7), Inflation,Money and Credit, Export and Import, Remittance andManpower Export, Foreign Exchange Reserve andExchange Rate15-19

Chapter IV: Budget for Fiscal Year 2012-13: Adjustments andRevision

Revised Budget for Fiscal Year 2012-13 (Table-8), RevisedRevenue Targets, Revised Expenditure Targets, BudgetDeficit, Revised ADP20-22

Chapter V: Fiscal Year 2013-14 Budget StructureMedium Term Assumptions:

Fiscal and Monetary Space,Growth in Agriculture Sector, Containing Inflation23-24

Budget Structure (Table-9)

: Estimates of RevenueIncome, Estimates of Expenditure, Budget Deficit andFinancing, ADP Implementation

24-25

Overall Expenditure Structure (Table 10)

: OverallExpenditure Framework 

25-26

Chapter VI: Resource Allocation in the Key Sectors of theEconomyPower and Energy

27-28

Digital Bangladesh

28

Agriculture and Rural Development

28

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