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CHAPTER-ONE

INTRODUCTION

BACKGROUND OF THE STUDY

Government budget deficit have been common in Bangladesh like other developing countries. When a budget deficit prevails in a given year, it means that government authorities cannot collect enough revenue from taxes and other sources to cover their annual expenditure. To over the deficit, the government must borrow funds, so that it can meet its expenses in the current fiscal year, thereby fulfilling its obligations. When the government borrows funds, it adds to its debt.

The size of the government debt is related to whether it can balance its budget. The only way the Debt can decline is through a budget surplus that allows the government to pay off some of its previous borrowings .The government debt, which was about TK.12 thousand Corers at the end of 1999, has increased by over TK.6 thousand crore in 2000.If budget recur government debt continues to increase. Since 2000 the government has made some progress in reduction......

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Approximate Word Count: 6778
Approximate Pages: 28 (250 words per double-spaced page)

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