Defence budget to rise

The defence sector budgetary allocation will rise by Tk 1,921 crore in the 2015-16 fiscal year (FY) from the current fiscal year’s allocation of Tk 16462 crore. The finance minister has proposed to allocate of Tk 18,383 crore for defence for the next fiscal.  The government, meanwhile, has revised the current FY defence budget to Tk 17,770 crore.
“In order to enhance their capacity and effectiveness, we have taken extensive measures to provide improved training and other facilities as well as procure modern arms and ammunitions and hi-tech military weapons for the Army, Navy, Air Force and BGB,” Finance Minister AMA Muhith said in his budget speech in parliament yesterday.
“A draft ‘National Defense Policy’ has already been formulated which will be finalised soon,” he said.
“Due to our success in modernising the armed forces, Bangladesh now tops the list of countries sending troops to the United Nation’s peacekeeping missions,” the minister added.

 

 

Defence budget to rise

The defence sector budgetary allocation will rise by Tk 1,921 crore in the 2015-16 fiscal year (FY) from the current fiscal years allocation of Tk 16462 crore. The finance minister has proposed to allocate of Tk 18,383 crore for defence for the next fiscal. The government, meanwhile, has revised the current FY defence budget to Tk 17,770 crore. In order to enhance their capacity and effectiveness, we have taken extensive measures to provide improved training and other facilities as well as procure modern arms and ammunitions and hi-tech military weapons for the Army, Navy, Air Force and BGB, Finance Minister AMA Muhith said in his budget speech in parliament yesterday. A draft National Defense Policy has already been formulated which will be finalised soon, he said. Due to our success in modernising the armed forces, Bangladesh now tops the list of countries sending troops to the United Nations peacekeeping missions, the minister added.