Report on National Budget of Bangladesh 2015

A Report on

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AN ANALYSIS OF THE NATIONAL BUDGET FOR THE FISCAL YEAR 2015-16

Table of Contents

Definition ofBudget        

Importance of national budget        

Overview of the Budget for fiscal year 2015-16        

The Key Points of the budget        

Challenges to achieve the target        

Budget FY 16: Sector wise revenue generation and expense allocation        

Revenue Mobilization        

Budget FY 16: Proposed list of projects to be implemented under PPP        

Budget FY 16: Proposed Corporate Tax        

Threshold of Taxable Income, Existing and Proposed Tax Rates for Non-Corporate Tax Payers        

Budget FY 16: Different incentives proposedby the Government        

Incentive for new industrial enterprise        

Incentive for Wage Earners        

Development of Bond Market        

Incentives on capital market        

Budget FY 16: Undisclosed Money        

Budget FY 16: Tax Holiday        

The impact of Governments heavy reliance on banks to finance deficit        

Budget Reaction by Dhaka chamber        

Budget Reactions of rewound economist        

My Observation on Budget for the FY 2015-16        

References:        

Definition of Budget

A national budget is the official budget of a country, which is a written estimate of predictable revenue and expenditures during a specific period of time. Budgeting is the process of estimating the revenue the government anticipates that it will generate and the expenses it will incur. In government, revenue is generated from taxes and fees it imposes. Government expenditures range from national defense, infrastructure, grants for research, education, and the arts, and social programs such as Social Security and Medicare.