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Friday, September 2, 2011

first financial budget of Bangladesh- fiscal year 1972-73

First financial budget of the fiscal year 1972-73 was proposed by Tajuddin Ahmed ( first Finance and Planning minister of Bangladesh ) on 7 th July 1972 . There was no deficit in the budget rather there was  surplus in the first fiscal budget of newly independent Bangladesh. There was no new taxes in the budget ; it was one of the most significant aspects the first budget.

    Total amount of expenditures in the budget is 501 crore Bangladeshi taka .  
    Total surplus in the budget is 66.95 crore Bangladeshi taka . 
    Total  amount of taka 317 crore  was allocated for the development projects all over  the country.   
    Total  amount of foreign aid was  taka 375  crore .




  
source- The Annual Plan 1972-73 Planning Commission , Government of Bangladesh 1972 .