Search results
Results from the WOW.Com Content Network
The National Budget is the annual financial statement of Bangladesh; an estimate of income and expenditure of the government on a periodical basis. Under Article 87.(1) of the Constitution of Bangladesh, it is a compulsory task of the government. [2] Upon achieving independence, the first budget of Bangladesh was presented by Tajuddin Ahmad. [3]
Government spending or expenditure includes all government consumption, investment, and transfer payments. [1] [2] In national income accounting, the acquisition by governments of goods and services for current use, to directly satisfy the individual or collective needs of the community, is classed as government final consumption expenditure.
Finance Division (Bengali: অর্থ বিভাগ) is a Bangladesh government division under the Ministry of Finance responsible for controlling government expenditure and budget. [1] [2] [3] Muslim Chowdhury is the head of the division. [4]
Total expenditure consists of total expense and the net acquisition of nonfinancial assets. Note: Apart from being on an accrual basis, total expenditure differs from the GFSM 1986 definition of total expenditure in the sense that it also takes the disposals of nonfinancial assets into account.
The 2022 National budget of Bangladesh was presented by Minister of Finance AHM Mustafa Kamal on 9 June 2022. The budget is for the fiscal year beginning on 1 July 2022, and ending on 30 June 2023. The budget was the 14th presented by the Awami League -led Grand Alliance of Prime Minister Sheikh Hasina since returning to office in 2009.
OCAG Bangladesh, the supreme audit institution of the country, is an active member of Asian Organization of Supreme Audit Institutions (ASOSAI) and International Organization of Supreme Audit Institutions (INTOSAI) for a long period now. SAI Bangladesh is fully committed to the goals of these organisations and has recognised the necessity of ...
In economics and political science, fiscal policy is the use of government revenue collection (taxes or tax cuts) and expenditure to influence a country's economy. The use of government revenue expenditures to influence macroeconomic variables developed in reaction to the Great Depression of the 1930s, when the previous laissez-faire approach ...
Fiscal policy is the use of government's revenue and expenditure as instruments to influence the economy. For example, if the economy is producing less than potential output , government spending can be used to employ idle resources and boost output, or taxes could be lowered to boost private consumption which has a similar effect.