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Presentation Topic :Prospects and Limitations of Bangladesh

Financial Budget 2013-2014.

IntroductionA 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.

Graph Budget 2013-14.This is an optimistic budget for this country.

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.

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.

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.

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.

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.

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.

Thank you My dear audience and have a great day.