Budget Implementation, A Problem: Bangladesh Perspective
3 Pages Posted: 8 Jul 2009
Date Written: July 7, 2009
The national budget for fiscal 2009-10 has been placed by the finance minister for its approval. The proposals in the largest budget, so far, will get its approval by parliament on June 30, 2009, following its scrutiny. Hopefully, with some additions or deductions, the budget will be approved for implementation from July 01, 2009.
The finance minister stated in his budget speech that he set the targets, following the vision 2020 of the government, for the macro-economy to secure a sustained gross domestic product (GDP) growth of 10 per cent from 2017 and to raise the contribution of industry to GDP from 28 per cent to 40 per cent. Other goals include raising life expectancy to 70 years, reducing maternal mortality to 1.5 per cent and to scale down child mortality to 15 per thousand births. Reducing the rate of unemployment by 15 per cent and bringing down the population living below the poverty line to 15 per cent are also among the long term objectives.
Keywords: National Budget 2009-2010, Bangladesh
JEL Classification: Budget 2009-2010, Bangladesh
Suggested Citation: Suggested Citation