The government has allocated Tk 257.70 billion (Tk 25,770 crore) for the Ministry of Defence, Armed Forces Division and other services, in the proposed budget for the fiscal (FY) 2017-2018, reports BSS. This allocation is provided to the Bangladesh Army, Air Force and Navy besides any organisations under the Ministry of Defence.
The allocation is Tk 25.40 billion (Tk 2,540 crore) higher than the revised budget of the previous FY 2016-17 of Taka 23,227 crore.
Of the total amount of Taka 25,770 crore allocated in the FY 2017-18, Tk 25, 740 crore has been allocated for the Ministry of Defence, and Tk 30 crore for the Armed Forces Division.
Of the total amount allocated for the Defence Ministry, Taka 25,060 crore has been allocated for non-development sector while Taka 679,85 crore for the development sector while non-development sector of Armed Forces Division has got allocation of Taka 30.41 crore.
The Public Order and Safety budget also increased to Taka 22,851 crore in the FY 2017-18. In the previous year it was Taka 20,727 crore. This budget is mostly provided to the paramilitary and law enforcement agencies such as the Border Guard Bangladesh, Bangladesh Coast Guard, Bangladesh Police, Bangladesh Ansar & Village Defence Party and Bangladesh Fire Service & Civil Defence.
In total the defence and internal security budget of is just over $6 billion for FY 2017-18.
Bangladesh continues to spend the least on defence as a percentage of GDP amongst its neighbouring countries. Current spending is less than 2.4% of the GDP of $250 billion.