Remon Ahmed Asif Roll: May 29, Table of content Page No. Introduction A budget from old French bougette, purse is a financial plan and a list of all planned expenses and revenues.
Examples are — Salaries of government employees, interest payment on loan taken by the government, pension, subsidies, grants etc.
Expenditure incurred on construction of building, roads, bridges etc. Budget Deficit Deficit Budget: Therefore, high revenue deficit gives a warning to the government either to cut expenditure or to increase revenue receipts.
It also implies requirement burden in future. Greater fiscal deficit implies, greater borrowings by the government. This creates a large burden of interst payments in the future that leads to increase in revenue expenditure, causing an increase in revenue deficit.
Thus a vicious circle sets in. In the present, a large fiscal deficit may also lead to inflationary pressures.
It is equal to fiscal deficit reduced by interest payment. Give the Bangladesh government budget deficit of budget. A budget is an annual statement of the estimated receipts and Expenditure of the government over the fiscal year. Name the two components of budget. Why is borrowings considered as Capital receipt?
It increases the liability of the government, so it is considered as Capital receipt. Tax is legal compulsory payment imposed by the government on the people. Give two example of direct tax. Give two example of indirect tax. Give two example of non-tax revenue.
When Budget is normally presented in the Parliament? Why is tax not a Capital receipt? Tax neither creates liability nor reduces assets, so it is not Considered as capital receipt. Give two example of revenue expenditure.
Give two example of Capital expenditure. What is balanced budget? A Government budget is said to be a balanced in which government receipts are shown equal to government expenditure Q What is Surplus budget?
When government receipts are more than government expenditure in the budget, the budget is called a surplus budget.
What is deficit budget? When government expenditure exceeds government receipts in the budget is said to be a deficit budget. Capital Receipts refer to those receipts of the government which i tend to create a liability or ii Causes reduction in its assets.
A revenue receipts are those receipts which neither create a liability nor reduce assets of the government. Tax and non-tax receipts. It does not result in creation of assets or reduction in liabilities eg.
It refers to the expenditure which leads to creation of assets and reduction in liabilities eg. Give two sources of Capital receipts. Give one objective of budget. To reduce inequalities of income and wealth. These taxes are those tax in which liability to pay and burden of tax falls on same person.
Liability to pay and burden of indirect tax falls on different persons. Write any three objective of government Budget.In financing increased deficit, the target of government borrowing in the budget of FY increases to Tk.
crore, which was Tk. 93, crore in the revised budget . Government expenditure (% of GDP) Government expenditure (Total) Highest and Lowest Point. Imports. or deficit (-) of Bangladesh is (% of GDP) with a global rank of Bangladesh compared to other Countries The Budget surplus (+) or deficit (-) of Bangladesh is similar to that of The Gambia, Samoa, Malaysia, Czech Republic, Costa.
Bangladesh Financial Fiscal Budget In Brief Bangladesh government has declared its yearly budget of of Tk. around 2, 95, in the parliament. The budget was presented by the Finance Minister Abul Mal Abdul Muhit. The post-independence AL government faced daunting challenges and in was overthrown by the military, triggering a series of military coups that resulted in a military-backed government and subsequent creation of the Bangladesh Nationalist Party (BNP) in .
Fiscal Deficit = Total budget expenditure - Total budget receipts net of borrowings.
Importance: Fiscal deficit is a measure of total borrowings required by the government. Greater fiscal deficit implies, greater borrowings by the government.
According to budget of FY Government Budget deficit equal to percent of the country's Gross Domestic Product in Government Budget in Bangladesh averaged percent of GDP from until , reaching an all time high of -2 percent of GDP in and a record low of percent of GDP in