Bangladesh has announced a 2018-19 defence budget of BDT290.66 billion (USD3.45 billion).
Budgetary documents published by the Ministry of Finance (MoF) on 7 June show that the new expenditure marks a 10% increase over the revised allocation for 2017-18 of BDT264 billion.
The 2018-19 defence budget also amounts to 6.2% of total annual government expenditure and about 1.3% of GDP.
The new military budget allocates BTD279.1 billion for “non-development expenditure”, including military salaries and costs for maintenance and operations, and BTD11.52 billion for “development expenditure”, including military acquisitions. These allocations represent increases over last year of 9.6% and 24% respectively.
Want to read more? For analysis on this article and access to all our insight content, please enquire about our subscription options at ihs.com/contact