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INTRODUCTION
A national budget is one of the most important documents for any government. It is a plan which indicates how the government intends to carry into effect its political, social and economic aims. The essence of a budget lies in its role as a program of governmental activities. It is the blueprint for a Government’s plan of action. A good budget is one that that is pragmatic and long-sighted. It should look at the past, function in the present and lay out a plan for the future thus providing a sense of direction for the country economically and politically.
ANALYSIS OF THE BANGLADESH NATIONAL BUDGET FOR THE FISCAL YEAR 2006-2007
Finance and Planning Minister M Saifur Rahman placed the proposed national budget for the fiscal year 2006-07 (FY07) at the Jatiya Sangsad on June 8, 2006. This is the 12th budget presented by him as a Finance Minister of the country and the last budget of the present government. The budget has been placed at a critical juncture both from political and economic perspectives.
The upcoming fiscal year (FY07) is going to witness the reign of three successive governments, i.e. the outgoing coalition government (July - October 2006), the caretaker government (November 2006 - February 2007) and the new government (March - June 2007). This makes implementation of the budget very uncertain and the accountability for it will also be missing.
FY07 Expenditure & Revenue: Total expenditure for the coming fiscal year has been fixed at Tk 69,740 crore, which is Tk 8,642 crore more than that of the current revised budget. Of it, revenue expenditure has been raised by 14.11 % to put it at Tk 42,286 crore. The total develop ...