Macro Term1
Macro Term1
Macro Term1
Dear Sir,
By the grace of almighty Allah, the most benevolent and merciful, we have been
successful to complete this term paper.
Here is the term paper on “Comparison: Budget FY 2015-16 & 2016-17”. You
assign us to prepare it. Preparing of this term paper help us to gather experience
and knowledge that would be needed for us to meet today’s challenging job
market and to prepare for exam.
We have tried our best to make the term paper comprehensive and reliable within
the given time period. Nevertheless, some mistake might be occurred, please notice
this type of unconscious mistake with sympathy. Your suggestion and comment for
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Sincerely yours
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(Group Leader)
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ACKNOWLEDGEMENT
We have tried to our best to make the term paper comprehensive and reliable
within the given time period. Nevertheless, some mistake might be occurred,
please notice this type of unconscious mistakes with sympathy and pardon. Your
suggestions and comments for the improvement of this term paper will be received
thankfully and if you need any quires the study, please inform us.
Yours faithfully
--------------
Group leader,
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TABLE OF CONTENTS
No. Topics Page
Chapter: 01: Introduction 5-7
01 Background of the study 6
02 Objectives Of The Study 6
03 Budget as definition 7
Chapter: 02: Budget at a glance 8-12
Conclusion 38
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EXECUTIVE SUMMARY
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. 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.
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CHAPTER: 01.
Introduction
1.1 Background of the Study:
Our term paper is on the comparison of top 5 income and expenditure on the
Budget FY 2015-16 and 2016-17.A budget is a quantified financial plan for a
forthcoming accounting period. A budget is a quantitative expression of a plan for
a defined period of time. It may include planned sales volumes and revenues,
resource quantities, costs and expenses, assets, liabilities and cash flows. It
expresses strategic plans of business units, organizations, activities or events in
measurable terms.
Top five expenditures on the Budget FY 2015-16 and 2016-17 are public service,
education and technology, transport and communication, agriculture and local
government and rural development. We compare those items between two FY year
budgets.
On the other hand top five incomes on the Budget FY 2015-16 and 2016-17 are
vat, import duty, income tax, supplementary duty, defense receipts. We compare
those items between two FY year budgets.
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1.2 Objectives Of The Study
We mainly conduct the study in order to achieve some specific objectives. Here
we have mentioned some major objectives that we approach by studying the
comparison of top 5 incomes and expenditure on the Budget FY 2015-16 and
2016-17.To build up the strong knowledge about the comparison of Budgets.
Budget is an estimation of the revenue and expenses over a specified future period
of time. A budget can be made for a person, family, group of people, business,
government, country, multinational organization or just about anything else that
makes and spends money. A budget is a microeconomic concept that shows the
tradeoff made when one good is exchanged for another.
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the goals of the budgeting organization. In some cases, budget makers are happy to
operate at a deficit, while in other cases, operating at a deficit is seen as financially
irresponsible.
Chapter– 02.
Budget At A Glance
2.1 BUDGET ANALYSIS OF FY 2015-16
2.2.1 THE MAIN FEATURE OF BUDGET 2015-2016:
Revenue income (19.87%) will grow faster than government expenditure
(17.49%). Total budget expenditure is set at 18.71% of GDP Revenue
income will be 14.08% of GDP
Incremental revenue will go to ADP financing. Development expenditure
(25.20%) will grow faster than non‐development revenue expenditure
(10.28%)
Budget deficit (ecl. Grants) has been projected at 4.6% of GDP (4.8% in
RBFY13).Balance in financing budget deficit will be restored.
Government’s net bank borrowing will decrease by (‐) 8.74% as well as
borrowing from non-banking sector will be almost double.
Total expense :
2,95,100 crore
Budget deficiency :
80,857 crore
GDP growth :
7.0 percent
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Inflation rate :
6.20 percent
The Padma Bridge alone got an allocation of tk.6,852 crore. The
Object 2
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Object 5
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Highlights of budget 2016-2017
Total expense :
2,42,752 crore
GDP growth
: 7.2 percent
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2.2.2EXPENDITURE DETAILS OF DEVELOPMENT &
NON-DEVELOPMENT BUDGET 2016-17
Object 8
The total expenditure for FY 2016-17 has been estimated at Tk.3,40,506 crore .
The allocation for non-development and other expenditure has been estimated at
Tk. 2,42,752 crore (12.7 percent of GDP).whereas the development expenditure
has been set at Tk. 1,10,700 crore(6.4 percent of GDP) of which Tk. 97,853 crore
has been allocated for Annual Development Programme (ADP) which is six
percent of GDP.
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Position Name of expenditure
Percentage
1 Education and technology 15.5%
2 Public services 13.9%
3 Interest 11.7%
4 Transport and communication 10.9%
5 LGRD 6.9%
Object 11
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0.4 percent higher than the revised budget estimates of FY 2016-17. Although both
the total revenue and total expenditure have an increasing trend.
CHAPTER– 03.
COMPARISON:
BUDGET-2015-16 & 2016-17
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CONCLUSION:
Finally, we try our best to compare top 5 incomes and expenditure in the
FY 2015-16 and 16-17.We the find that in the top 5 expenditure that in
the FY 2016-17 the amount of budget is more in public service,
education and technology, transport and communication, agriculture and
local government and rural development sectors. On the other handwe
find that in the top 5 income that in the FY 2015-16 the amount of
budget are more in 4 sectors. Those are vat, income tax, supplementary
duty, defense receipts. But in import duty budget is more in FY 2016-
17than FY 2015-16.
Bibliography:
www.bangladesh-government –org
https://ministry-of45finance.bd
https://www. brac-bank.uk/hr/law/policy/
http://www.bank.com/on-the -methods
http://brac.act.com/bank/define
http://.brac- bank + act/org.bd
http://www.informationbible.com/
http:// blr.com/commerce.bank/ltd.org
http://bank.banglades.hact /define.
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