ASSIGNMENT ON Financial Market & Institutions Topic: Most prioritized sector Of Bangladesh National Budget 2011-2012

Submitted to: Salahuddin Ahmed Lecturer Of Business studies State University of Bangladesh Submitted by: Syed Ruhul Amin ID: UG01-19-08-049 Program : BBA Department of Business studies State University of Bangladesh Date of Submission: On 19th June, 2011

Introduction Before I discuss about financial budget of 2 011 and 2012. I am d iscussing about budget. what does it mean? A budget is a list of all planned expenses and revenues. It is a plan for savin g and spending. Also it is said that A budget is a financial document used to pr oject future income and expenses. In summary, the purpose of budgeting for a country is to: 1. Provide a forecast of revenues and expenditures, that is, construct a mo del of how our country might perform financially if certain strategies, events a nd plans are carried out. 2. Enable the actual financial operation of the country to be measured agai nst the forecast. Budget in Bangladesh / 2011-2012 Budget At a glance The most prioritized sector in Bangladesh budget 2011-2012 The public administration sector gets the most priority in the budget 20 11-2012. 14.6% of the total budget is the highest expenditure in budget 2011-2012.Though in previous years we could see that most prioritized was either education sector or agriculture sector. But this scenario has changed in this fiscal year where we can see that administration sector in exchange of that. Although This year ed

ucation sector is hold second position.

Description Budget 2011-12 Budget 2010-11 Budget 2009-10 Public Services- Total Public Services - Net Subsidy Pension and Gratuities Interest Investments in Shares and Equities Non-ADP Employment Generation Programmes Structural Adjustment Expenditure Others 53,131 32,439 24,814 16,609 11,371 4,078 3,109 783 17,977 11,006 2,035 0 1,612 422 14,556 2,257 1,294 150 330 1,599 363 14,649 2,987 831 244 63

2,059

Administration

The overall administration of the country is governed with the aid of civil serv ants recruited by the Bangladesh Public Service Commission. The ministers/state ministers/deputy ministers are in-charge of the respective ministries/divisions and they remain responsible for conducting the business allocated to the minist ries/divisions. Secretaries and other higher civil servants assist them. The ministries perform policy-making functions while the numerous subordinate of fices execute policies and decisions at the field levels. The country is divided into six administrative divisions namely Dhaka, Chittagon g, Rajshahi, Khulna, Barisal and Sylhet each composed several of districts. The re are 64 districts, which are in turn divided into a number of Upazilas. There are 469 Upazilas, each of which is divided into unions, mouzas and villages at the lowest tier. Field Administration: The field administration has achieved a tangible shape through evolution overtim e. The history dates back to the Mughals and Arians traveled from central Asia and subsequent colonization of the country by the British for about two hundred years. Despite the handicaps imposed by colonial legacies, our popular governme nts have ensured a transparent, accountable, pro-people administration outdoing the obsessed bureaucracy of the colonial masters. Merit, professional excellenc e and technocratic patronization have replaced age-old remnants of the outdated colonial legacies. From field administration perspective, Bangladesh is divided into six distinct g eographical areas called Divisions, which are somewhat akin to the provinces of India and Pakistan. The Divisions are headed each by a Divisional Commissioner, a highly accomplished senior officer having long field experience, name and fam e. One of the major elements of the charter of duties of the Divisional Commiss ioner is to monitor, coordinate and supervise the implementations of policy deci sions initiated by the government. The administrative unit that figures prominent in this country is called Distric t, which is headed by an accomplished professional having long and laudable expe rience called Deputy Commissioner/District Magistrate who is expected to be high ly talented and gifted with good leadership quality. The responsibility is vast and varied. S/he represents government at the field level, conduct all polls a nd act as Collector, development co-coordinator, disaster manager, and guardian of criminal administration at the lower level. S/he is the chief protocol offic er representing government ceremonies on behalf of the national government. To be brief there are little or no activity in the district, which is unrelated to him/her by some way or other. The basic unit of administration of the country is locally named as Upazila, whi ch is an integral component of the district and so to say, a district in the min iature form. Field level functionaries of the development departments operate h ere at the grass-root level under guidance from the respective functional heads stationed in the districts as coordinated by the UNO (Upazila Nirbahi Officer). All decisions are discussed and finalized in a forum called Upazila Parishad wh ich is presided over by an elected chairman and assisted by a mid-level seasoned executive of professional excellence-called UNO, who plays a pivotal role in sh aping decisions that conform to government policies and cohere to the financial constraints and regulations. An area covering several square kilometers having several thousand populations is named as Union that is administered by an electe d Chairman. These Chairmen are the dominant and voting members of the Parishad (counseling body) apart from various upazila level functionaries representing re spective district counter parts. With the policies of the present government for empowerment of women and strengt hening local government, Union parishads are increasingly becoming important in terms of micro level policy implementations. At present attempts are underway t o construct Union Parishad Complexes accommodating all union level officials and staff so that implementation and operational modalities could be synchronized.

Development of the administration is essential for the better administration of development. It is essential to invest in development of human resource and capa city and raise the efficacy of ministry to ADP and budgetary implementation. Public Administration sector keeps vital role in our national growth. This sector is the base of developing a country. We can remove our poverty probl em by developing this sector. Which is why the government of our country keep mo re budget in this sector. Though we are a agricultural country but this time t his sector is neglected by the government. Conclusion : At last I say that, if the allocated fund for the sector pu blic administration is properly utilized then our country will go one step ahea d to developing. So I m agreeing with government that, they take vital step for public administration .