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The budget funds three branches of the Bangladesh Armed Forces: the Army, Navy and Air Force. For the 2022-23 fiscal year, the Bangladesh Armed Forces were allocated ৳ 40360 crore (US$3.3 billion) [a] [1] by the Government of Bangladesh, a 7.5% increase from the previous fiscal year.
The President of Bangladesh serves as the Commander-in-Chief of the Bangladesh Armed Forces. Bangladesh has the third-largest defence budget in South Asia. The Bangladeshi military is also the 35th strongest in the world and the third most powerful military force in South Asia.
Bangladesh Air Force F-7BGi inflight. The defence industry of Bangladesh is a strategically important sector and a large employer in Bangladesh.The Government of Bangladesh is actively seeking to upgrade its military and security capabilities and has allocated increasing amounts to its defense and security-related budget.
The following lists are of countries by military spending as a share of GDP—more specifically, a list of the 15 countries with the highest share in recent years. The first list uses the Stockholm International Peace Research Institute as a source, while the second list gets its data from the International Institute for Strategic Studies .
Crest of Bangladesh Armed Forces Forces Goal 2030 is a military modernization program in Bangladesh that commenced in 2009 and was updated in 2017. It is designed to enhance the capabilities of the Bangladesh Armed Forces, including the Army, the Navy and the Air Force, as well as the Coast Guard. The program focuses on restructuring military organizations, expanding the forces, transforming ...
The MoD is headed by the Minister of Defence, a civilian and member of cabinet. The post is usually held by the Prime Minister of Bangladesh, who also serves as the President's second-in-command of the military. The MoD exercises supreme command authority over the Bangladesh Armed Forces.
The National Budget of Bangladesh is the government's annual financial statement, outlining the projected income and expenditure for the fiscal year. According to Article 87.(1) of the Constitution of Bangladesh , presenting this budget is a mandatory duty of the government.
The agency traces its origins to the Director Defence Purchase of Pakistan. The Directorate General of Defence Purchase was established in 1971 after the independence of Bangladesh from Pakistan. [3] [4] There was a purchase wing of Director Defence Purchase (DDP) of the then Pakistan near Dhaka Cantonment. After independence in 1971, DGDP ...