Budget

savings bank Asia Limited Corporate Office account to the Board Memo none Date: Subject: marriage proposal for approval of Bud draw a bead on for the grade 2009. Background: deposit Asia Ltd. accurate its operation for the stratum 2008 with good fundamentals in appraise of deposit accumulation, loans and advances, import/ exporting business, remittance business, and profitability amidst challenges of changed local anaesthetic and international business scenario. The concern has put their dearest bowel movement to achieve the challenging budget of 2008, and light up up brought turn up the best for the Bank. Although, few external factors were persistent passim the category, both(prenominal) achievements superseded the budgets, and some achievements were close to the budget. Before presenting the Budget for the year 2009 some economic, industry and company specific issues need to be discussed to make the budget rational. Bangladesh Economy: The new demo cratic g everywherenment act is expected to blow a fresh air in the economy. As the Political and Socio Economical condition are expecting to be stable after the resumption of democratic government, more investments shiny to come in different spheres. Asian Development Bank (ADB) forecasts Bangladeshs gross domestic product growth for the fiscal 2009 (July 2008-June 2009) to be 6.50%a.

The estimated annual GDP growth of Bangladesh economy for the pecuniary year 2007-08 (July 1 2007 to June 30 2008) at constant market bell was 6.21%b, which on incumbent market price was 14.70%b. In the enumerate GDP at current market price the manufacturing sphere contr! ibuted 17.37%b followed by Agriculture and Forestry which contributed 14.83%b. In 2007-08 the trading celestial sphere see 18.50%b growth which was highest at current price, followed by the manufacturing sphere which experienced 15.96%b growth. The financial intermediation sector experienced 15.25%b growth against 15.87%b of previous year. Banking domain: In financial year 2007-08, the advance position of the banking sector grew 26.10%b over the previous one year...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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