Financial Analysis
Budget Definition and its Purpose:
Budget a detailed plan, expressed in quantitative terms, that specifies how resources will be acquired and used during a specified period of time.
A budget is a description of a financial plan. It is a list of estimates of revenues to and expenditures by an agent for a stated period of time. Normally a budget describes a period in the future not the past
Purposes of budgeting systems:
Planning
Facilitating Communication and Coordination
Allocating Resources
Controlling Profit and Operations
Evaluating Performance and Providing Incentives
Using a budgeting system companies can:
Improve cash flow
Optimize product portfolio
Minimize salary adjournment
Increase the operational level
Eliminate breaks in
Production process
Stabilize debts level
Precisely determine the real financing needs
In Bangladesh our fiscal year is started from 1st of July and ended 30th June of the next year.
Here we wants make a comprehensive analysis of the proposed budget for the upcoming fiscal year 2014-2015.
The honorable finance Minister AMA Muhith proposed this budget dated on 05.04.2014 in Bangladesh national assembly members for the consideration and approval of the said budget.
The annual budget at a glance
Total size of the budget Tk 250,506 crore for 2014-15 fiscal year growth target of 7.3% of GDP
The proposed national budget and the economy
The 'business-as-usual' national budget that has been proposed for the fiscal year (FY), 2014-2015, provides an account of the government's overall fiscal operations in pursuit of its declared goals and objectives to help promote "accelerated" and "inclusive" economic growth. It makes a lot of promises about improving government's performance-related scorecard. But it does not shed enough light on why the promises of the outgoing fiscal could not be redeemed and what wrongs there were about meeting its projected broad targets. The political turbulence or
Budget a detailed plan, expressed in quantitative terms, that specifies how resources will be acquired and used during a specified period of time.
A budget is a description of a financial plan. It is a list of estimates of revenues to and expenditures by an agent for a stated period of time. Normally a budget describes a period in the future not the past
Purposes of budgeting systems:
Planning
Facilitating Communication and Coordination
Allocating Resources
Controlling Profit and Operations
Evaluating Performance and Providing Incentives
Using a budgeting system companies can:
Improve cash flow
Optimize product portfolio
Minimize salary adjournment
Increase the operational level
Eliminate breaks in
Production process
Stabilize debts level
Precisely determine the real financing needs
In Bangladesh our fiscal year is started from 1st of July and ended 30th June of the next year.
Here we wants make a comprehensive analysis of the proposed budget for the upcoming fiscal year 2014-2015.
The honorable finance Minister AMA Muhith proposed this budget dated on 05.04.2014 in Bangladesh national assembly members for the consideration and approval of the said budget.
The annual budget at a glance
Total size of the budget Tk 250,506 crore for 2014-15 fiscal year growth target of 7.3% of GDP
The proposed national budget and the economy
The 'business-as-usual' national budget that has been proposed for the fiscal year (FY), 2014-2015, provides an account of the government's overall fiscal operations in pursuit of its declared goals and objectives to help promote "accelerated" and "inclusive" economic growth. It makes a lot of promises about improving government's performance-related scorecard. But it does not shed enough light on why the promises of the outgoing fiscal could not be redeemed and what wrongs there were about meeting its projected broad targets. The political turbulence or