Assignment on Bangladesh National Budget 2012-13

At the outset of presenting the fourth budget of the present Grand-Alliance Government, It is because of his visionary leadership Bangladesh came into being as an independent and sovereign nation 41 years ago. I remember with high esteem the great comrades of Bangabandhu - the four martyred national leaders of Bangladesh. I also remember with great respect the freedom fighters, the finest sons of this soil and the sacrifices they made. I pay my homage to all the martyrs who sacrificed their lives in all the movements starting with the language movement leading to the movement against the rule of autocracy and fundamentalism. I also pay my tribute to those brave souls who laid down their lives for the cause of building a modern and democratic Bangladesh. This assignment is both descriptive and analytical in nature. At first all required data have been collected & then all collected data have been used to complete this report with the help of some analytical tools. So the entire process of completing this report can be categorized in two heads. This are-
I. Data gathering procedure
II. Analysis procedure
All require data to prepare this report has been collected form both primary and secondary sources.
· Primary sources of data: Internet, Informal discussion, & Newspaper and Media.
· Secondary sources of data: National budget 2012-23.
A government budget is a document that is often passed by the legislature, and approved by the chief executive-or president. For example, only certain types of revenue may be imposed and collected. Property tax is frequently the basis for municipal and county revenues, while sales tax and/or income tax are the basis for state revenues, and income tax and corporate tax are the basis for national revenues.
The two basic elements of any budget are the revenues and expenses. In the case of the government, revenues are derived primarily from taxes. Government expenses include spending on current goods and services, which economists call government consumption; government investment expenditures such as infrastructure investment or research expenditure; and transfer payments like unemployment or retirement benefits.
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.