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Defence budget increases by 4.3%

Military 2023-06-01, 6:32pm

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Army personnel in exercise.



 Dhaka, June 1 – The allocation for the Defence Ministry in the proposed budget for fiscal year 2023-24, has been increased by Tk 1735 crore, a  4.29 percent increase, from that of the outgoing fiscal 2022-23. 

Tk 42,095 crore has been proposed for the Defence Ministry and other services under the ministry in the national budget for the 2023-24 fiscal year. 

An amount of Tk 40,360 crore was proposed for the Defence Ministry and other services under the ministry in the national budget for the 2022-23 fiscal year. 

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

Besides, he also proposed Tk 45 crore for Armed Forces Division which was unchanged from the outgoing fiscal’s budget. - UNB