Military budget of Bangladesh

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The military budget of Bangladesh is the portion of the overall budget of Bangladesh that is allocated for the funding of the Bangladesh Armed Forces. This military budget finances employee salaries and training costs, the maintenance of equipment and facilities, support of new or ongoing operations, and development and procurement of new weapons, equipment, and vehicles. The budget funds three branches of the Bangladesh Armed Forces: the Army, Navy and Air Force.

For the fiscal year 2020, Bangladesh allocated BDT 34,427-crores or $4.06 billion, accounting for 6.1% of the fiscal budget and 1.1% of the GDP.[1]

Other military-related expenditures[]

Unofficial estimates places the total amount of military spending for the Bangladesh Armed Forces higher than the official allocated figures, however, the approximately calculation differs. As of 2021, Bangladesh military maintains a thriving military industrial complex and other business interests. According to the Economist, Sena Kalyan Sangstha, a trust owned by the Bangladesh Army, alone has assets well over $700 million.[2]

Beside massively expanding industrial complex, the Bangladesh Armed Forces receives a undisclosed budget for its ongoing modernization program Forces Goal 2030. The allocation is used primarily for procurement of weapons and technologies, establishment of new military bases and R&D. According to Ministry of Finance report, the government allocated approximately 40000-crores taka or $5.2 billion between the 2012-2017 period.[3]

According to reports published in 2007, Bangladesh Armed Forces also receives approximately $300 million funding from United Nations annually.[4]

Previous budgets[]

FY Budget (bn) Change Expenditure (%)
2021-22 4.45 [5] 8.62% 1.20%
2020-21 4.06 9.50% 1.16%
2019-20 3.87[6] 9.40% 1.28%
2018-19 3.59 10.7% 1.31%
2017-18 3.45 9.40% 1.38%
2016-17 3.24 10.6% 1.46%
2015-16 2.82 8.70% 1.45%
2014-15 2.36 8.36% 1.36%
2013-14 2.05 11.3% 1.36%
2012-13 1.82 1.20% 1.36%
2011-12 1.80 9.05% 1.39%
2010-11 1.62 1.40%

See Also[]

References[]

  1. ^ "Budget FY21: Military spending increases by Tk2,327 crore". Dhaka Tribune. 11 June 2020. Retrieved 14 February 2021.
  2. ^ "Bangladesh's government lavishes money on the army". The Economist. 11 February 2021. Retrieved 14 February 2021.
  3. ^ "119 - Ministry of Defence - Ministry of Finance" (PDF). Ministry of Finance. Government of Bangladesh. Archived (PDF) from the original on 29 March 2017. Retrieved 27 June 2020.
  4. ^ "Supply-side peacekeeping". The Economist. 21 February 2007. Retrieved 14 February 2021.
  5. ^ "প্রতিরক্ষা খাতে বরাদ্দ বাড়ল ২৮৫৪ কোটি টাকা". Dhakatimes. Retrieved 3 June 2021.
  6. ^ "Military spending increases slightly". Dhaka Tribune. 13 June 2019. Retrieved 14 February 2021.
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