Premium Essay

Bangladesh Budget Analysis Fy13-14

In: Business and Management

Submitted By saifurreefat
Words 3820
Pages 16
National budget analysis FY 2013-14

-------------------------------------------------
Acknowledgement

At first we would like to express our gratitude to almighty God for enabling us with the strength and opportunity to complete the term paper within the schedule time successfully.
We know that practical knowledge in subject matter is essential to sub assistant the theoretical knowledge gathered in the educational institution. In order to resolve the dichotomy between these two areas, we were assigned to prepare this term paper on national budget analysis of FY13-14.
First and foremost, we would like to express our gratitude to Imrana Sharmin, senior lecturer, Dept. of Economics. Her Eagerness to help us in every step of learning encouraged us to drive ourselves accomplished and well understood.

Chapter No. | Description | Page | 01 | Introduction * Background of the Study * Purpose, Scope of the Study * Methodology of the Study * Review of existing literature * Limitation of the Study | 02 02 02 03 04 | 02 | Economy and Capital market * Economic Highlights * Key Economic indicators * Incentive for Capital Market | 06 07 07 | 03 | Revenue Analysis * Total Revenue composition * Total Tax Revenue Composition * Revenue Estimates | 10 10 11 | 04 | Government Expenditure * Public Sector * Power and Energy * Education * Health * Interest * Defense Service * Agriculture | 14 15 15 16 17 17 17 | 05 | Budget Deficit | 20 | 06 | Overview of Fiscal Measure * Personal Income Tax * Surcharge * Corporate Tax * Import Duty and Supplementary Duty * Value Added Tax | 23 23 23 24 25 | 07 | Macroeconomic Target | 27 | 08 | Discussion of…...

Similar Documents

Premium Essay

Budget Analysis of Bangladesh

...Rafsan Mahtab ID: 16-087 Here I have included the proposition and analysis of indirect taxes for the budget FY: 2009/10 Proposition Currently in our country a big portion of tax revenue is earned by import duty which constitutes nearly 42% of the total tax revenue. Because of the ongoing current global recession it is suspected that the revenue from this sector may go down. In this year’s budget a change has brought in the import tariff in certain areas to protect our local industries and retain our export market. Some measures has been proposed which are: 1. A reduction in the in the duty on basic raw materials from 7% to 5% to make our local industry more competitive both in local and international market. 2. Agricultural sector has been declared as the top priority sector and the continuation with the zero tariff on imports of fertilizer, seeds and major food grains. Along with medicine and raw cotton .withdraw VAT on the imports of raw materials to produce pesticides has been proposed to keep pesticides easily available for farmers. 3. Increasing supplementary duty on the imports of luxury vehicles and restructuring of duty slabs has been proposed to augment revenue collection and to discourage imports of luxury vehicles. 4. In order to offer exemption from supplementary duty against import of hybrid motorcars, which is fuel efficient, it is proposed to create a new HS code for separate classification. 5. To enable importation of durable...

Words: 1112 - Pages: 5

Premium Essay

Budget Analysis

...Summary Report Budget Items An in-depth analysis of the Year 9 budget reveals several budgetary items that raise concern. First and foremost, the anticipated units to be sold is 3510. This is due to management’s assumption that the declining market will rebound and improve slightly in the upcoming year. However, this forecast is not supported by past sales performance. In Year 8, there was a 16.3% decrease in cost of goods sold. Based solely on this statistic, one would assume a smaller increase or no increase at all in units sold during Year 9. It is unclear where the basis for the projected unit sales has come from and that is problematic. Another problematic area is the accounts receivable projected budget, which also assumes an increase from $609,960 in Year 8 to $639,694 in Year 9. Accounts receivable suffered a 15.0% loss between Years 7 and 8. Based on this number, it is difficult to understand why the company would assume a 10% increase in total accounts receivable in Year 9. There are few changes in Facility and General Operations Level expenses. The budget for advertising is increased from $27,428 to $28,412. I would recommend an even larger adjustment in the advertising budget, especially if the company is expecting to sell more bikes. In the past, advertising expenses have been positively correlated with company revenue. Between Year 6 and 7, advertising costs increased by 37.5% and net sales increased by 33%. However, between Year 7 and 8, advertising......

Words: 1251 - Pages: 6

Premium Essay

Budget Analysis

...Transportation Problem (cont.) Basic feasible solution of TP, properties, Analysis of Excel output, Sensitivity analysis Text: BRS 5.1, 5.2, 5.3 Class 3: Transshipment problem Formulation of LP model, different variations (unbalanced case, combining with production scheduling, multi-modal and multi-SKU transportation), Conversion of transshipment model into classic transportation model. Text: BRS 5.4, 5.5 Class 4: Assignment problem Binary ILP formulation, solution by Hungarian method Text: BRS 5.6 Class 5: Network models Shortest path problem, Minimal spanning tree Text: BRS 5.8, 5.9 Class 6: Game theory Introduction to game theory: Types of game, Two person zero-sum game, concept of saddle point, dominance rule Text: WW 14.1, 14.2 Class 7: Game theory (contd.) Mixed startegy, Linear programming formulation Text: WW 14.2, 14.3 Class 8: Mid-term Test Class 9: Markov chain Introduction to stochastic processes, markov chains, transition probability matrix, steadystate probabilities. Text: Handouts and WW 17.1, 17.2, 17.3 Class 10: Decision theory Decision making under uncertainty, Decision criteria, Decision Tree Text: BRs 8.1, 8.2, 8.3, 8.4, 8.6 Class 11: Decision theory (contd.) Decision making under risk, EVPI, EVSI Text: 8.5, 8.8, 8.9 Class 12: Travelling Salesman Problem Optimization model formulation, solution approaches, Branch and bound algorithm Text: handouts and WW 9.6 Class 13: Case Study / Revision Class 14: Case study / Revision Software packages: MS......

Words: 354 - Pages: 2

Free Essay

Budget of Bangladesh

...modern industrial economies, the budget is the key instrument for the execution of government economic policies. Because government budgets may promote or retard economic growth in certain areas of the economy and because views about priorities in government spending differ widely, government budgets are the focus of competing political interests. The budget has been announced with eight major objectives including creating employments, maintaining prices of essentials at a tolerable level, ensuring food security and extending social safety net. INTRODUCTION Forecast of governmental expenditures and revenues for the ensuing fiscal year. In modern industrial economies, the budget is the key instrument for the execution of government economic policies. Because government budgets may promote or retard economic growth in certain areas of the economy and because views about priorities in government spending differ widely, government budgets are the focus of competing political interests. A government budget is a legal document that is often passed by the legislature, and approved by the chief executive. For example, only certain types of revenue may be imposed and collected. Property tax is frequently the basis for local revenues, while sales tax may be the basis for state revenues, and income tax and corporate tax are the basis for national revenues.   On 9 June 2008, the Finance Adviser to the Caretaker Government presented the national budget for the financial year (FY)......

Words: 4546 - Pages: 19

Premium Essay

An Analysis on Technical and Vocational Education Regarding the National Budget of Bangladesh

...education is perceived in modern societies as an important pillar of socioeconomic development. However, in recent years, the education sector has faced stronger competition from other sectors also seeking financial government support. In the budget for fiscal year 2011-2012 the government has proposed Tk 19,873 crore for education sector with Tk 10,850 crore for the Education ministry The proposed volume is Tk 1725 crore more than that of the allocation of Tk 18,148 crore in the fiscal year 2010-2011. In 2010-2011 fiscal year the allocation for the technical and vocational education was 233.64 crore which was 14.98% of total education development program, where the total spending on education development program was 1624.69 crore. 1.2 Objectives of the Study The main objectives of the study are – a. To find out the allocated amount from the national budget of Bangladesh for the technical and vocational education is enough or not b. To find out the means by which the technical and vocational education can be improved. 3. Scope of the Study The demand of the technical and vocational education is increasing day by day. Different countries taking or want to take semi-skilled and skilled people from Bangladesh but it is unable to meet the demand and sending unskilled people to foreign countries. It is creating a hazardous effect on the image of our country. So the government should give proper attention to this type of education. In this......

Words: 5909 - Pages: 24

Premium Essay

Analysis of Changing Roles of Bangladesh Bank: Industrialization Perspective

...Analysis of Changing Roles of Bangladesh Bank: Industrialization perspective 1. Introduction The vision of the Bangladesh Bank is to develop continually as a forward looking central bank with competent and committed professionals of high ethical standards, conduct monetary management and financial sector supervision to maintain price stability and financial system robustness, support rapid broad based inclusive economic growth, employment generation and poverty eradication in Bangladesh. The mission is to formulate monetary and credit policies, manage currency issue and regulate payment system, manage foreign exchange reserves and regulate the foreign exchange market, regulate and supervise banks and financial institutions and advise the government on interactions and impacts of fiscal, monetary and other economic policies. Bangladesh Bank maintains an interest rate structure that provides fair return on financial assets, supports growth in the real sector and promotes development of markets in bond and securities. The central bank provides precise prudential regulatory, risk management and disclosure framework to protect solvency and liquidity of individual institutions and stability of the overall financial system, acting as lender of last resort if and when needed. The central bank maintains liquidity conditions and credit policies ensuring adequate credit flows at market driven flexible interest rates for all productive economic activities,...

Words: 8807 - Pages: 36

Free Essay

Budget Analysis

... Budgetary Analysis Heather Horning HCS/550 August 18, 2014 Elaine Bobo Budgetary Analysis The Medicaid program is one of the largest sources of health insurance in this country in addition to employer-based health insurance and Medicare. Medicaid delivers crucial medical related services to the most at risk populations in society. The importance of Medicaid's part in providing health insurance cannot be exaggerated; “the Medicaid program covers millions of low-income women, children, elderly people and individuals with disabilities” (U.S Department of Health and Human Services, 2000). Funding for Medicaid is limited through various federal policies, leaving much of the program’s budget burdened on the individual states to make necessary spending cuts in order to provide the funds needed for the demand of the program. Budgetary decisions need to be thoroughly reviewed before any immediate action is taken as these decisions can create a domino effect on other programs and their participants as sections of this paper will describe. Medicaid Overview Medicaid is a cooperative federal and state program with a common goal to provide a vital service for the general public. “Medicaid is the largest source of federal revenue for states. Medicaid funds support health care providers, jobs and state economies overall” (Kaiser Family Foundation, 2013). Every state institutes its own eligibility criteria, benefits platform, payment rates and program organization under the broad......

Words: 1949 - Pages: 8

Free Essay

Budget Analysis

...Budget Management Analysis for the Post Anesthesia Care Unit The budget management process is not an easy task. It is time consuming and difficult. There are some ways to overcome the challenge of managing budgets within forecasts. One way is to budget and report beyond the ledger. Data should be looked at beyond the company’s financial system. This will allow the company to create more accurate forecasts. Next the budget software should be user-friendly. If it is easy to use, the happier the employees are to use and understand it. Thirdly, the budget should have the options to incorporate a flexible financial model. Managers should be able to input information on how their particular department relates to other departments or functions. Next, the company must be able to adapt quickly to change because change is inevitable. The employees can respond to organizational, industrial, and global economic changes with re-forecasting or rolling forecasts. Improving collaboration between organizations, project teams, management, and department managers are another effective strategy to manage budgets within forecasts. Keep on task and submit tasks in a timely manner will help speed up the approval process. Last but not least always look to improve technology and software. One example would be cloud based software. This can decrease the cost for the company by decreasing the need for on-site IT infrastructure to maintain the information. My Manager is the Director of the entire......

Words: 1369 - Pages: 6

Premium Essay

Budget

...MEDIA BRIEFING AN ANALYSIS OF THE NATIONAL BUDGET FOR FY2015 06 JUNE 2014 CPD IRBD 2014 TEAM Dr Debapriya Bhattacharya, Distinguished Fellow CPD and, Professor Mustafizur Rahman, Executive Director, CPD were in overall charge of preparing this report as the Team Leaders. Lead contributions were provided by Dr Fahmida Khatun, Research Director; Dr Khondaker Golam Moazzem, Additional Research Director and Mr Towfiqul Islam Khan, Research Fellow, CPD. Valuable research support was received from Mr M Shafiqul Islam, Additional Director, Administration & Finance; Ms Khaleda Akhter, Senior Research Associate; Mr Muhammad Al Amin, Senior Research Associate; Mr Kishore Kumer Basak, Senior Research Associate; Mr Md. Zafar Sadique, Senior Research Associate; Ms Mehruna Islam Chowdhury, Senior Research Associate; Mr Uttam Kumar Paul, Deputy Director, Accounts; Mr Mashfique Ibne Akbar, Research Associate; Ms Farzana Sehrin, Research Associate; Ms Saifa Raz, Research Associate; Ms Umme Salma, Research Associate; Ms Umme Shefa Rezbana, Research Associate; Ms Mahenaw Ummul Wara, Research Associate; Dialogue Associate; Mr Md. Naimul Gani Saif, Research Associate; Mr Mohammad Afshar Ali, Research Associate; Ms Shahida Pervin, Research Associate; Ms Afnan Ashfaque, Research Associate; Mr Mostafa Amir Sabbih, Research Associate; Ms Kashfi Rayan, Research Associate; Ms Shahzeen Hafiz, Programme Associate; Mr Ziad Quader, Research Intern; Ms Nadee Naboneeta Imran, Research Intern and......

Words: 12030 - Pages: 49

Premium Essay

Budget Speech of Bangladesh 2011

...Contents Issues Seeking Permission Page 1 Chapter I Introduction and Background Tribute, Acknowledgements, Pre-budget Consultations, Vision for prosperous Bangladesh, Expectations vis-à-vis Resource Constraints 1-4 Some Important Pledges: Implementation Progress Facing Recession, Achievements of Power and Energy Sector, Agriculture Sector, Land, Fisheries and Live Stock, Food Security, Roads and Bridges, Education, Health, Digital Bangladesh, Climate Change, Women and Children Welfare, Social Safety Net Programmes, Employment Generation, Rural Development, Population Census, Industry and Trade, Public Welfare and Good Governance, Immigration and Skill Development, Optimum Utilisation of Public Money 4-15 Macro-economy and the Global Perspective Growth, External Sector, Export, Import, Remittance, Current Account Balance, Foreign Exchange Reserve, Exchange Rate, Monetary Sector, Inflation, Economic Strategy 15-22 Revised Budget for FY2010-11 Revenue Situation, Revenue Mobilisation, ADP Utilisation, Total expenditure, Budget Deficit 23-25 Chapter II Some Key Sectors Power and Energy: Integrated Development i 25-98 26-31 Issues Program Power: Electricity Production Plan, Power Transmission and Distribution Line, Renewable Energy, Power Savings Energy: Use of Alternative Energy Sources, Gas Production, Exploration of Oil and Gas Page 26-29 29-31 31-47 Agriculture and Rural Development Agriculture: Agriculture Subsidy, Seeds, Hybrid......

Words: 47559 - Pages: 191

Free Essay

Budget Analysis

...Budget The proposed total budget allocated for the digitisation project is which will be distributed across total duration of 34 weeks. The budget is consumed aggressively in week 5 and week 9 of the project. The total hardware and software cost is 67,331.90 AUD, which is further broken down in details under the resources sheet in the budget delivered with the project. The total labour cost which includes the contractors and HP- SME is 65,160.00 AUD. This cost includes the amount that must be paid to the employment agency as well. Other payments categorised as miscellaneous will be 16,296.00 AUD. All suppliers will be asked to send official invoices with each deliverable separately, which will be collected by the IT engineer and project manager upon arrival. Then the IT engineer will compare the invoice content to the actual delivery, and then will be compared to the purchase order by the project manager. All invoices will be handed to the project manager and each invoice will be sent to the department’s accountant to be given a code of project name and numeric extension according to general ledger system, then the project manager will mark each item in the budget with a corresponding invoice code to acknowledge it. Project manager will be summing the total of the received invoices and comparing it to PO in weekly basis, any deviation should be communicated to sponsor timely with justification. The project manager will be giving a notification to the finance department......

Words: 547 - Pages: 3

Premium Essay

Analysis Ngo on Bangladesh

...Internship Report On NGO Accounting Practices in Bangladesh-A Case Study on BRAC Submitted to: Dr. Mahfuzul Hoque Professor Department of Accounting & Information Systems Faculty of Business Studies University of Dhaka Submitted by: Syeda Marzana Farha Roll No-11097 M.B.A. 11th batch Department of Accounting & Information Systems [pic] University of Dhaka CHAPTER 1 Introduction 1.1 Background The internship program is a pre-requisite for the MBA degree from the Faculty of Business Administration, University of Dhaka. In today’s world, education is the imperative tool for understand the real world and apply knowledge for betterment of the society as well as in Business Sector. From the education session the theoretical knowledge is obtained from various courses throughout the programs, which is only the half way of the subject matter. Practical knowledge has no alternative. The perfect coordination between theory and practice is of paramount importance in the context of modern business Graduates to get 12 weeks practical experience, that is Internship Program. Internship program brings student closer to the real life situation and thereby helps to launch a career with some prior experience. Internship is a step towards fulfilling this commitment by giving students an opportunity to get ready for the real world before they enter their......

Words: 14393 - Pages: 58

Free Essay

Budget Analysis

...report consists of an analysis of the company budget, identification of key variances and findings, and suggestions on operational changes. A description of the budget process will be presented to pinpoint variances and their causes. Based on these variances, operational changes will be suggested and explained while considering business ethics. Recommendations on particular component production as well as nonfinancial performance measures will be made and accompanied by supporting evidence. First, the following is a brief overview of the budget and budget process. Budgets are an indicator of the costs and revenues linked to each of the companies activities and a way of providing information and supporting mangement decisions throughout the year (Nobles et al., 2014). Budgeting requires managers to plan for the company’s future based on a formalized plan (Nobles et al., 2014). In order to begin this cyclical, formalized plan, companies must first establish their objectives (Nobles et al., 2014). Then the company formulates stratgies to achieve these objectives and creates a budget based on these strategies (Nobles et al., 2014). After the budget has been prepared, business operations (i.e. production, processing, etc.) begin and as financial periods end the results are compared to the initial budget (Nobles et al., 2014). Once the budgets are compared, the company can alter the existing strategy or develop an entire new one, and then continue on through the budget process......

Words: 1196 - Pages: 5

Premium Essay

Budget Analysis

... Introduction: Budget might be regarded as public intentions with price tags attached. Budgets include itemized estimates of anticipated income and expenses, including a plan of operation based on such estimates. Government budget, forecast by a government of its expenditures and revenues for a specific period of time. In national finance, the period covered by a budget is usually a year, known as a financial or fiscal year, which may or may not correspond with the calendar year. The word budget is derived from the Old French bougette (“little bag”). Budgets have an economic, political and technical basis. Unlike a pure economic budget, they are not entirely designed to allocate scarce resources for the best economic use. They also have a political basis wherein different interests push and pull in an attempt to obtain benefits and avoid burdens. The technical element is the forecast of the likely levels of revenues and expenses. Rational Of The Study: The Paper is assigned by our course teacher Ast. Prof. Md. Shariful Alam Khandakar as a part of our“Taxation” course. The topic of our Assignment paper is “Budget Analyse of FY 2012-13’ impacts”. By conducting this Assignment we can enhance our knowledge and skill to apply various research methods in professional life on higher educational life. The assigned task has given us a chance to raise our quality in developing research instrument and its applications. By doing so, we can boost our acceptability in economy and develop......

Words: 3987 - Pages: 16

Free Essay

Union Budget Impact Analysis

...UNION BUDGET 2010-11 Impact Analysis UNION BUDGET 2010-11: Impact Analysis CONTENTS BUDGET AT A GLANCE ............................................................................................ 1 UNION BUDGET 2010-11 : A MACROECONOMIC PERSPECTIVE ........................ 2 - 3 SECTORAL IMPACT ........................................................................................... 4 - 23 CHANGE IN CENTRAL PLAN OUTLAY..................................................................... 24 RECEIPTS .......................................................................................................... 25-26 EXPENDITURE ................................................................................................ 27 - 28 KEY ECONOMIC INDICATORS (Absolute Values) ................................................... 29 KEY ECONOMIC INDICATORS (Percentage Change Over Previous Year) ............... 30 UNION BUDGET 2010-11: Impact Analysis BUDGET AT A GLANCE (Rs bn) 2009-10 Revised Estimates 1) Revenue Receipts 2) Tax Revenue (net to centre) 3) Non-Tax Revenue 4) Capital Receipts (5+6+7)$ 5) Recoveries of loans 6) Other receipts 7) Borrowings and other liabilities * 8) Total Receipts (1+4)$ 9) Non-Plan Expenditure 10) On Revenue Account of which, 11) Interest Payments 12) On Capital Account 13) Plan Expenditure 14) On Revenue Account 15) On Capital Account 16) Total Expenditure (9+13) 17) Revenue Expenditure (10+14) 18) Capital Expenditure (12+15) 19) Revenue......

Words: 10541 - Pages: 43