BANGLADESH INCREASES DEFENCE BUDGET BY 8.4%


BANGLADESH INCREASES DEFENCE BUDGET BY 8.4%

Bangladesh-Budget-2014-15Jon Grevatt & Craig Caffrey

Bangladesh has announced a defence budget of BTD164.6 billion (USD2.1 billion) for fiscal year (FY) 2014-15, a year-on-year increase of 8.4%.

The defence expenditure includes BTD160 billion for “non-development” activities including military salaries, maintenance costs, and operations. The remaining defence funds are earmarked for procurement, ministerial expenses, and costs associated with the Bangladesh Armed Forces Division, which oversees policies and force deployment.

defence-budget-bangladeshThe FY 2014-15 defence budget amounts to 6.6% of total government spending for the year, or about 1.4% of GDP.

Announcing the budget in parliament on 5 June, Finance Minister Abul Maal Abdul Muhith said: “We are committed to build a strong and efficient defence force capable of meeting the challenges of the 21st Century.

slash-subsidy

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JUNE 11, 2014

ihsjane

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About Ehsan Abdullah

An aware citizen..
This entry was posted in ACHIEVEMENTS - SUCCESS, CHALLENGES, CURRENT ISSUES, DEFENCE & SECURITY, ECONOMY, GLOBAL INDICATORS & BENCHMARK, GROWTH & TARGET, STRATEGY & POLICY, TRADE BODIES and tagged , , , , , . Bookmark the permalink.

One Response to BANGLADESH INCREASES DEFENCE BUDGET BY 8.4%

  1. Enayet Mowla says:

    I find the Budget for the Defense of Bangladesh, a thoroughly unproductive item, has gone up to 2.14 billion, though I do not understand why. We could have done it with a few “no war” pacts with our neighbors and maintaining a relationship with a policy of “friendship to all and enmity to none.”

    Like

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