Bangladesh 7.1% increase in defence budget

[Isa Khan]

The allocation for the Ministry of Defence in the proposed budget for fiscal year 2022-23, has been increased by Tk2,669 crore, a 7.1% increase, from that of the outgoing fiscal 2021-22.

Tk40,360 crore has been proposed for the defence ministry and other services under the ministry in the national budget for the 2022-23 fiscal year.

Earlier, Tk37,691 crore was proposed for the ministry in the national budget for the 2021-22 fiscal year.

Finance Minister AHM Mustafa Kamal made the announcement during his budget speech at the National Parliament Bhaban on Thursday (9 June).

Besides, he also proposed Tk45 crore for Armed Forces Division which was almost unchanged from the outgoing fiscal's budget.

This is the fourth budget of the third consecutive term of the government led by Prime Minister Sheikh Hasina and also the overall 51st budget of the country.

The proposed budget is Tk74,383 crore higher than the original budget size of the FY2021-22 fiscal year, which was Tk6,03,681 crore.

7.1% increase in budget for defence

The allocation for the Ministry of Defence in the proposed budget for fiscal year 2022-23, has been increased by Tk2,669 crore, a 7.1% increase, from that of the outgoing fiscal 2021-22. Tk40,360 crore has been proposed for the defence ministry and other services under the ministry in the...

www.tbsnews.net

 

[Isa Khan]

@F-6 enthusiast what's wrong?

 

[F-6 enthusiast]

@F-6 enthusiast what's wrong?

It is not enough. We are underspending on defence when we have credible threats. All major hardware purchases seem to be frozen with no hint of progress.

 

[Isa Khan]

It is not enough. We are underspending on defence when we have credible threats.

Well, it's not gonna jump drastically if you look at past budgets. But it's rising slowly every year and this year it got third highest allocation.

All major hardware purchases seem to be frozen with no hint of progress.

Source of this info?

 

[F-6 enthusiast]

Source of this info?

Chill Bangladesh

defencehub.live

not to mention frigates (for which navy gave us a timetable/schedule) and MRCA purchase (going on since 2017)

 

[Isa Khan]

Chill Bangladesh

defencehub.live

not to mention frigates (for which navy gave us a timetable/schedule) and MRCA purchase (going on since 2017)

Oh!! I totally forgot about it and the dollar issue. Still kinda surprising that MoD is getting priority and CAS making trip to Canada while others are forbidden to do so.

 

[Micheal Corleone]

It is not enough. We are underspending on defence when we have credible threats. All major hardware purchases seem to be frozen with no hint of progress.

Tbh I expected this year to have the same budget as last year. Recession is going to be terrible for bd

 

[F-6 enthusiast]

Tbh I expected this year to have the same budget as last year. Recession is going to be terrible for bd

Even if we order them now it'll take years to manufacture and one or two years (possibly more to operationalise fighters)

I don't even know what to say at this point

 

[Isa Khan]

Bangladesh has announced a 2022–23 defence budget of BDT400 billion (USD4.2 billion), an increase of 7.7% over the revised expenditure BDT371.2 billion in 2021–22.

Bangladesh's 2022–23 defence budget is a nominal increase but a real-term decrease once inflation is accounted for. Modest growth in the expenditure is forecast by Janes during the next few years. (Janes Defence Budgets)

Bangladesh has announced a 2022–23 defence budget of BDT400 billion (USD4.2 billion), an increase of 7.7% over the revised expenditure BDT371.2 billion in 2021–22. The new allocation represents about 6% of total government expenditure in the year, although its growth is offset by rising inflation in the South Asian country.

Documents issued by the Ministry of Finance on 9 June show that the defence budget allocates BDT361.5 billion to Ministry of Defence (MoD) operating expenses, which is thought to include military salaries and costs for maintenance and operations. This is an approximate 8% increase over the revised allocation last year.

The new defence budget also includes BDT18.8 billion for development expenses including military procurement, an increase of 6%. The total allocation also includes BDT19 billion for MoD “other services”, and BDT450 million for the Bangladesh Armed Forces Division, which oversees policies and force deployment.

The Bangladesh Army has been allocated about 43% of the total 2022–23 defence expenditure, with the navy and air force receiving about 18% and 14%, respectively.

Bangladesh's military modernisation programme – called Forces Goal 2030, which was initiated in 2009 – has stalled in recent years owing to funding constraints compounded by the economic impact of the Covid-19 pandemic.

Procurement activity has accordingly been modest in recent years but has featured an undisclosed number of Tiger T-300 multiple rocket launchers (MRLs) from Turkish company Roketsan and AeroVironment RQ-20B Puma and RQ-12B Wasp unmanned aircraft systems (UASs) from the United States.

Bangladesh resumes defence budget declines

Bangladesh has announced a 2022–23 defence budget of BDT400 billion (USD4.2 billion), an increase of 7.7% over the revised expenditure BDT371.2 billion in 2021–22. The...

www.janes.com

 

[Micheal Corleone]

Even if we order them now it'll take years to manufacture and one or two years (possibly more to operationalise fighters)

I don't even know what to say at this point

Forget about this bs Air Force. Just read @Isa Khan post below yours. What will airforce do with 14% of 4.2 billion? Stupid country with stupid people running it