The Military budget of Bangladesh is the proportion of the overall national budget of Bangladesh that is allocated for the purpose of funding 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 2022-23 fiscal year, the Bangladesh Armed Forces were allocated ৳40360 crore (US$3.8 billion)[a][1] by the Government of Bangladesh, a 7.5% increase from the previous fiscal year.
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 an 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]
^"Budget FY23: Defence budget increased by 2,827C". Dhaka Tribune. 2022-06-09. Retrieved 12 June 2022.
^"Bangladesh's government lavishes money on the army". The Economist. 11 February 2021. Retrieved 14 February 2021.
^"119 - Ministry of Defence - Ministry of Finance" (PDF). Ministry of Finance. Government of Bangladesh. (PDF) from the original on 29 March 2017. Retrieved 27 June 2020.
^"Supply-side peacekeeping". The Economist. 21 February 2007. Retrieved 14 February 2021.
^"Budget FY23: Defence budget increased by 2,827C". Dhaka Tribune. 2022-06-09. Retrieved 12 June 2022.
^"Budget 2021-22: Defence allocation up 8%". United News of Bangladesh. 2021-06-03. Retrieved 2022-06-12.
^"Military spending increases slightly". Dhaka Tribune. 13 June 2019. Retrieved 14 February 2021.
military, budget, bangladesh, proportion, overall, national, budget, bangladesh, that, allocated, purpose, funding, bangladesh, armed, forces, this, military, budget, finances, employee, salaries, training, costs, maintenance, equipment, facilities, support, o. The Military budget of Bangladesh is the proportion of the overall national budget of Bangladesh that is allocated for the purpose of funding 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 2022 23 fiscal year the Bangladesh Armed Forces were allocated 40360 crore US 3 8 billion a 1 by the Government of Bangladesh a 7 5 increase from the previous fiscal year Contents 1 Other military related expenditures 2 Previous budgets 3 See also 4 ReferencesOther military related expenditures EditUnofficial 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 an 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 amp 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 EditFY Budget bn Change Expenditure 2022 23 4 8 5 7 53 0 91 2021 22 4 5 6 8 0 1 3 2020 21 4 06 9 50 1 16 2019 20 3 87 7 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 EditDefence industry of Bangladesh Forces Goal 2030 Bangabandhu Aeronautical CentreReferences Edit Budget FY23 Defence budget increased by 2 827C Dhaka Tribune 2022 06 09 Retrieved 12 June 2022 Bangladesh s government lavishes money on the army The Economist 11 February 2021 Retrieved 14 February 2021 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 Supply side peacekeeping The Economist 21 February 2007 Retrieved 14 February 2021 Budget FY23 Defence budget increased by 2 827C Dhaka Tribune 2022 06 09 Retrieved 12 June 2022 Budget 2021 22 Defence allocation up 8 United News of Bangladesh 2021 06 03 Retrieved 2022 06 12 Military spending increases slightly Dhaka Tribune 13 June 2019 Retrieved 14 February 2021 Excludes funding allocated by the Government of Bangladesh for Forces Goal 2030 Retrieved from https en wikipedia org w index php title Military budget of Bangladesh amp oldid 1102095598, wikipedia, wiki, book, books, library,
