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The Financial Express

Defence allocation raised by 8.0pc in budget for FY22

| Updated: June 04, 2021 10:03:22


Defence allocation raised by 8.0pc in budget for FY22

The allocation for defence in the budget for the FY22 has been increased by Tk28.49 billion from the outgoing fiscal year.

Tk 376.91 billion has been proposed for the Defense Ministry and other services under the ministry in the national budget for the 2021-22 fiscal.

In the outgoing FY21 an amount of Tk 348.42 billion was proposed for the Defense Ministry in the national budget.

Finance Minister AHM Mustafa Kamal made the announcement during the budget speech at the Jatiya Sangsad Bhaban on Thursday. He placed the proposed total budget of Tk 6.03 trillion for 2021-22 - it was Tk 5.68 trillion for the outgoing fiscal.

Besides, Tk 440 million has been set aside as operating costs of the Armed Forces Division which was Tk 410 million in the 2020-21 budget.

 

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