Bangladesh: Defence budget to rise by 20.34%

[bongbang]

The government is all set to allocate Tk22,115 crore for the next fiscal year’s defence budget, 20.34% more than the current fiscal year’s Tk18,377 crore.

Of the amount, Tk21,709 crore will be non-development expenditure and Tk405 crore development expenditure.

The rest of the money will be taken out as loan but details of the loan will not be disclosed in the budget. The amount will be spent for development of the army, navy and air force.

In addition, a loan of Tk200 crore will be taken out from China and Russia to purchase military instruments for the defence, Finance Ministry officials involved in budget preparation said.

The government will buy a range of equipment, including helicopter, in addition to military instruments, to modernise the defence and help the military combat natural disasters more effectively.

The government has begun communicating with China and Russia to get long-term loans from the countries in order to purchase the materials.

Ineffective utilisation of funds allocated in budget is quite common in the country but the situation is different in the defence as it spends more than its allocation every year. Although the revised budget makes cut in allocation for other ministries, the amount goes up for the defence sector every year.

In the last six years, expenditure in the sector has increased by Tk8,436 crore from the original allocation in budget, according to an analysis by the Centre for Policy Dialogue (CPD). Of the amount, the year 2014 saw an increase of Tk3,873 crore.

While unveiling the report, CPD distinguished fellow Debapriya Bhattacharya demanded transparency in the defence budget, saying that reporting mechanism for defence spending is non-transparent in the country.

In 2010, the government allocated Tk7,051 crore for the defence, which was later increased to Tk7,875 crore in the revised budget.

But the original expense stood at Tk8,471 crore, which was Tk1,420 crore more than the original allocation, the CPD report said.


- See more at: http://www.dhakatribune.com/bangladesh/2016/may/31/defence-budget-rise-2034#sthash.Mh3luX3J.dpuf

 

[UKBengali]

This is potentially very significant.

Hope this is the start of a general upward trend in defence expenditure by BD.

The country can well afford to spend more on defence as it already spends the lowest
out of S Asian countries and also has the lowest debt burden as well.

 

[BDforever]

The government is all set to allocate Tk22,115 crore for the next fiscal year’s defence budget, 20.34% more than the current fiscal year’s Tk18,377 crore.

Of the amount, Tk21,709 crore will be non-development expenditure and Tk405 crore development expenditure.

The rest of the money will be taken out as loan but details of the loan will not be disclosed in the budget. The amount will be spent for development of the army, navy and air force.

In addition, a loan of Tk200 crore will be taken out from China and Russia to purchase military instruments for the defence, Finance Ministry officials involved in budget preparation said.

The government will buy a range of equipment, including helicopter, in addition to military instruments, to modernise the defence and help the military combat natural disasters more effectively.

The government has begun communicating with China and Russia to get long-term loans from the countries in order to purchase the materials.

Ineffective utilisation of funds allocated in budget is quite common in the country but the situation is different in the defence as it spends more than its allocation every year. Although the revised budget makes cut in allocation for other ministries, the amount goes up for the defence sector every year.

In the last six years, expenditure in the sector has increased by Tk8,436 crore from the original allocation in budget, according to an analysis by the Centre for Policy Dialogue (CPD). Of the amount, the year 2014 saw an increase of Tk3,873 crore.

While unveiling the report, CPD distinguished fellow Debapriya Bhattacharya demanded transparency in the defence budget, saying that reporting mechanism for defence spending is non-transparent in the country.

In 2010, the government allocated Tk7,051 crore for the defence, which was later increased to Tk7,875 crore in the revised budget.

But the original expense stood at Tk8,471 crore, which was Tk1,420 crore more than the original allocation, the CPD report said.


- See more at: http://www.dhakatribune.com/bangladesh/2016/may/31/defence-budget-rise-2034#sthash.Mh3luX3J.dpuf

well as expected, I was calculating which might be defence budget and it matched remarkably pin-point.
around $2.76 billion usd+ $25million USD loan = around $2.789 billion USD,1.234% of GDP which we can afford

This is potentially very significant.

Hope this is the start of a general upward trend in defence expenditure by BD.

The country can well afford to spend more on defence as it already spends the lowest
out of S Asian countries and also has the lowest debt burden as well.

What is Bangladesh defense budget in dollar terms?

 

[Skull and Bones]

What is Bangladesh defense budget in dollar terms?

 

[bongbang]

well as expected, I was calculating which might be defence budget and it matched remarkably pin-point.
around $2.76 billion usd+ $25million USD loan = around $2.789 billion USD,1.234% of GDP which we can afford

From Tk22,115 crore, in my calculation (Google BDT to USD) it came as $2.82 billion. And there will additional undisclosed amount of loan apart from that $25 million figure.

 

[FNFAL]

off topic: have a look at our current GPA 5 holders.
i am 12 years senior and we did not get that much GPA 5 that time, i am not GPA 5 holder, only around 4 but i know or knew much better than this guys lol

That girl @ 0:20 with the drum
offtopic: Btw is the reporter asking question a hindu?

 

[TopCat]

off topic: have a look at our current GPA 5 holders.
i am 12 years senior and we did not get that much GPA 5 that time, i am not GPA 5 holder, only around 4 but i know or knew much better than this guys lol

This idiot is humiliating a young kid. Since when English became an easy picking to test somebody's depth of knowledge? I am sure this reporter itself will fail if he is given a proper English exam.

 

[Riyad]

off topic: have a look at our current GPA 5 holders.
i am 12 years senior and we did not get that much GPA 5 that time, i am not GPA 5 holder, only around 4 but i know or knew much better than this guys lol

Its pre-scripted.

 

[bongbang]

off topic: have a look at our current GPA 5 holders.
i am 12 years senior and we did not get that much GPA 5 that time, i am not GPA 5 holder, only around 4 but i know or knew much better than this guys lol

Bro delete it. Off topic replies getting stronger than the thread topic. I fear your post will over run this thread, it needs a thread of its own.

 

[dray]

Of the amount, Tk21,709 crore will be non-development expenditure and Tk405 crore development expenditure.

Does that mean most of the fund will go into salaries and operations of the existing forces?

 

[BetterPakistan]

Seems South Asia is going to have another powerful military after India and Pakistan.

 

[BDforever]

From Tk22,115 crore, in my calculation (Google BDT to USD) it came as $2.82 billion. And there will additional undisclosed amount of loan apart from that $25 million figure.

so total around $2.84 billion USD. so if Myanmar wants same level of defence budget then she will have increase spendings from 3.7% to 3.84% (of $74.012billion USD GDP).
@Aung Zaya @alaungphaya can you guys do it ?

Does that mean most of the fund will go into salaries and operations of the existing forces?

salaries+operation cost+R&D

offtopic: Btw is the reporter asking question a hindu?

I did not notice

 

[UKBengali]

Seems South Asia is going to have another powerful military after India and Pakistan.

Arms imports are not part of official defence budget and so we are looking at around 3.5 billion US dollar budget
in total.

BD is NOT a pacifist state by nature but by circumstance. With the much better economy now, expect to see large
numbers of modern ships , SAMS, tanks and aircraft to come online over the next decade.

@Skull and Bones

 

[BetterPakistan]

so total around $2.84 billion USD. so if Myanmar wants same level of defence budget then she will have increase spendings from 3.7% to 3.84% (of $74.012billion USD GDP).
@Aung Zaya @alaungphaya can you guys do it ?

Still myanmar military forces are powerful than bangladesh military forces. Globalfirepower ranks it 33 out of 126 and ranks bangladesh 52 out of 126.

 

[BDforever]

Still myanmar military forces are powerful than bangladesh military forces. Globalfirepower ranks it 33 out of 126 and ranks bangladesh 52 out of 126.

never give reference of Globalfirepower rankings, has serious creditable issue lol