786 million to 5 lakh 23 thousand crore
As the size of the economy increases, the size of the budget increases as a normal tendency. From 1971 to 2019, this 48 budget line shows the straight upward trend. The size of the budget has increased this time compared to last year. For the first time, the budget has exceeded five lakh crore taka. The total amount of this budget is 5 lakh 23 thousand 190 crores.
Theoretically, the main goal of a budget is to improve the economy by redistributing resources, creating employment and increasing income. The budget size is increasing every fiscal year to meet this goal. However, economists believe that one of the biggest challenges of the government in the big budget is the increase in revenue by the gross domestic product (GDP) ratio.
After independence, different governments came to power. At first, democracy, then the military, finally, the power of the democratically changed hands. After Independence, 48 Finance Ministers of 11 Finance Ministers and Finance Advisers presented the budget.
In 1972, the first budget was 786 crores. The size of the proposed budget is 5 lakh 23 thousand 190 crores.
After the first budget, waiting for a budget of one thousand rupees was three years. It took 14 years to grow to the tune of Tk 10 billion. This budget was presented in 1988. After 21 years, the size of the budget is up to one million crores. A 2009 word. Present Awami League government came to power for the second time and presented a budget of Taka 1 million crore. After 10 years, the same government is going to give a budget of 5 lakh crore rupees.
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