ECONOMIC TRANSITION AND FUTURE PATHWAY

  " ECONOMIC TRANSITION AND FUTURE PATHWAY"
                                           is The title of the budget speech. 

 Rejection of murrain COVID-19 is being given priority in this year's BUDGET.After that the finance minister, AHM Mustofa kamal is going to bring in the biggest budget in the history of the country, to recover the country's economy by making a living for the oppressed people. 

 Our honorable finance Minister AHM Mustafa Kamal
is presented his 2nd and the country's 49th budget in the parliament. At 3pm last thursday, Mr. Minister was presented the budget on the 2nd day of the 8th session of the 11th parliament, preside by the Speaker Mr. Dr. Shirin Sharmin Chowdhury.  

VOLUME of the budget:

Thursday, the Finance Minister was declared the budget of more than TK568,000 crore for the fiscal year 2020-2021. The expected expenditure of the fiscal year 20/21 are as following:

serial No	Area of expenditure	Percentage	Value in Billion (Total tk 5680 billion)
01	Education & technology	15.1%	857.68
02	Interest	11.2%	636.16
03	Transport and Communication	11.2%	636.16
04	Local Govt. & rural development	7.00%	397.6
05	Subsidies & Incentives	6.8%	386.24
06	Miscellaneous Exp	5.9%	335.12
07	Public Administration	5.7%	323.76

08	Defence	5.4%	306.72
09	Health	5.2%	295.36
10	Public order & Security	4.9%	278.32
11	Social Security	4.7%	266.96
12	Pension	4.9%	278.32
13	Energy & power	4.7%	266.96
14	Housing	1.2%	68.16
15	Others	1.5%	85.2

         

SOURCES of the budget:

The main source of the budget is tax revenue, which is more than 58% of whole fund.

Domestic loan is about 19.4%, Foreign loan 13.4%, Non tax revenue 6.8%, Tax revenue 2.6% and foreign grants only 1.70% only .

serial No	Area of Funding	Percentage	Value in Billion
01	Tax Revenue	58.1%	3300.08
02	Internal Loan	19.4%	1101.92
03	Foreign Loan	13.4%	761.12
04	Non Tax Revenue	5.8%	329.44
05	Tax Revenue	2.6%	147.68
06	Foreign Grants	0.7%	39.76
07	TOTAL	100%	Tk. 5680 billion

Conclusion: There are many economist who thinks that the Budget will not become fruitful for the loss of Corona period. The Pandemic Covid19 is breakdown our regular livings. The Slogan for everybody is "STAY HOME BE SAFE". But necessity knows no laws, Everyday we go here and 
there .