The conclusion of the first quarter of the fiscal year offers essential insights into the trajectory of the national economy. Key metrics, including government revenue, public spending, bank borrowing, and private sector credit, serve as vital indicators for both policymakers and the general public. These financial figures directly influence inflation, employment opportunities, and the overall cost of living for citizens. Furthermore, the Government Finance and Budget Management Act of 2009 mandates a formal quarterly review process. Under this legislation, the finance minister is required to evaluate revenue and expenditure performance against established budget goals. The findings from these assessments, along with any proposed corrective actions, must be formally reported during subsequent legislative sessions to ensure fiscal transparency and accountability.
Source : Prothom Alo
Photo : Prothom Alo
