3. Introduction
A budget is a description of a financial plan. It is a list of
estimates of revenues to and expenditures by an agent
for a stated period of time. Normally a budget
describes a period in the future not the past.
5. Now we are analysis Positive and
Negative Side of Budget 2013-14.
Positive side is given below:-
Education:
Budgetary allocation for education sector has increased over
the years.
Education gets third largest allocation in this budget.
Education requires a high priority for human resources
development in a country like Bangladesh.
Agriculture Sector:
Most of our people depend on agriculture sectors. That’s
way every budget a big allocation for agriculture sector.
In this budget government allocation agriculture sector Tk
12, 275 crore.
6. Power & Energy:
Power and energy sector attached highest priority in this
budget.
Considering the demand and important of power and
energy sector , allocate 11,351.20 crore the ministry . The
total power generation capacity will reach 14,500 MW.
Rural Development:
A roadmap on empowerment of the local government
system.
The roadmap includes distribution of responsibilities
among the zila, upazila and the union parishad, ensuring
co-ordination among them and giving them some
responsibilities.
7. Industrialization:
Boost for the industry protection of the domestic industry
on a wide scale and at same time plying IMF demand for
the liberalization.
An exemption of the 12 percent customs duty on bamboo
to encourage the local paper and pulp industries.
Real Estate:
The Finance Bill spells out a ‘special’ provision for
whitening black money through real estate investment.
The Finance Minister gave only a passing mention during
his budget presentation meanwhile whitening black money
through invest in capital market also continued upcoming
fiscal year.
8. Negative side is given below:-
Banking Sector:
The target of Government borrowing from the banking system
has been set for the next fiscal USD 3.34 bn. Private sector will be
crowded out if the
Government depends largely on banks. Also, present calm
money market may tight due to government dependency on the
sector.
Revenues Sector:
The revenue target set at over Tk.1360 billion is a case in point. It
exceeds that of the outgoing fiscal’s at Tk. 1120 billion by around
23.14 per cent.
It is worthwhile to note that until April last, realization of the
target fell short by about Tk. 41 billion. So, achieving the higher
revenue target appears to be a harder.
9. Foreign aid:
If the expected foreign aid of Tk. 60.67 billion is
forthcoming, budget deficit will be Tk 480 billion.
And to meet overall deficit, the government will have to
borrow about Tk. 331 billion from local banks and non-
bank sources.
An optimistic budget:
This is our preliminary reaction to the proposed budget for
the fiscal 2013-14, pending an elaborate analysis of it in the
coming days.
The size of the budget is around Tk 2.225 trillion, which is
16 per cent higher than the budget for the outgoing fiscal.
10. Conclusion
The alleges the budget face include arresting
inflation, attracting more investments, implementing
much old and new development and so on.
The life-long dream of the Father of the Nation as
articulated in his philosophy was that the people will
enjoy freedom and live happily with all amenities of life.
