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On November 4, 1972, which came into effect on December 16, 1972. 

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Blue economy means extraction of the resources of sea of the growth of an economy. Bangladesh has settled maritime boundary disputes with Myanmar in 2012 and with India in 2014 through an arbitral method. It is estimates that Bangladesh has acquired 118,813 square kilometres of the Bay of Bengal. It is estimated that resources from the sea of Bangladesh constitute 81 per cent of the resources existing in territory. Within the jurisdiction of Bangladesh, the sea is endowed with immense and precious natural resources, living and non-living. Besides fish and other living animals, Bangladesh could also have gas fields as it is reported that Mayanmar has discovered a large gas field on its area of the sea. We need to ecosystems of the seas which are reportedly being degraded at an unprecedented rate, and this is not a issue only for Bangladesh . It should be addressed in cooperation with other countries.
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National budget of a country is the anual proggram of the government’s expenditure and income for a fiscal year. In a developing economy like Bangladesh , the annual notonal budget reflect the government’s development philosophy6, priorities and approaches towards equity and social justies . The role of the public sector to provide infrastructure and basic public goods is to create an enabling enviorment for the privet sector to act as the engine of economic growth through the national nudget. As the national budget formulated annually may underline the economic stability and growth procspect in the medium term, it seems to be myopic. Medium term budgetary framework is and effective measure for redressing the problems emanating from the short time limit of the annual budget. (Translate into Bangla)
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