Actually BD military expenditure has been between 1-1.5% of GDP over the last 25 years. The 1.8% figure last year is wrong and for the coming fiscal it has been set at 1.3% of GDP.
Even at 1.3%, this now nearly comes to nearly 2 billion dollars, which is double that spent when the BNP was last in power. Also remember that big-ticket purchases like tanks, ships and planes come from a separate fund and you are looking at an actual BD defence budget around 2% of GDP which is not that bad.
With GDP growing at 6-7% a year hopefully for the next couple of decades at least, BD should now be in a position to slowly modernise it's defence forces over the next 1-2 decades.
No need to make a big solemn dance, just let the fairly rapid increase in military budget with the increase in GDP, allow the armed forces sufficient numbers of modern weapons to finally create a credible defensive military. The days of a military weak BD will soon be over.
Even at 1.3%, this now nearly comes to nearly 2 billion dollars, which is double that spent when the BNP was last in power. Also remember that big-ticket purchases like tanks, ships and planes come from a separate fund and you are looking at an actual BD defence budget around 2% of GDP which is not that bad.
With GDP growing at 6-7% a year hopefully for the next couple of decades at least, BD should now be in a position to slowly modernise it's defence forces over the next 1-2 decades.
No need to make a big solemn dance, just let the fairly rapid increase in military budget with the increase in GDP, allow the armed forces sufficient numbers of modern weapons to finally create a credible defensive military. The days of a military weak BD will soon be over.
