Skip to main content

The 20 year old question again: Is Bangladesh’s Defence Expenditure Justified?

The defence segment has always been among highest expenditure sectors of Bangladeshi budget. Like every year, the issue on defence will not go through a debate this time. The MPs always keep the defence expenditure under a shield of secrecy; the situation is indifferent in this year. However, for the first time, finance minister Abdul Muhit has presented a list of military hardware in the budget declaration that the government plans to buy during the next fiscal year. But no more details are available.

But as government spends a huge portion of the taxpayers money on defence, may be this issue should be made more public. No one denies the necessity of strong armed forces. But no one is really sure how big a military does our country actually need. May be this issue should go through a debate whether the government should cut down on the defence expenditures, especially in our county where a huge portion of the people live under the poverty line.

Our military forces train their manpower intensely and bring out the best in them. From a driver to a pilot, from general soldiers to officers, everyone goes through skilled training and achieve extraordinary skills in their own sectors. Therefore, even after they retire from military work, we see military human resources joining in the various sectors of our country and contributing successfully. This is a result of the intense training and the defence budget is a part of it.

But many people might suggest that apart from training the human resources, is it really necessary to buy new tanks and ammunition and expensive aircrafts? The border issues Bangladesh has with India and Myanmar can easily be resolved with diplomatic dialogues. Waging a war against the neighbors is a century old idea which should have been obsolete by now. So if our country has very less chance of going on a war is it justified that the government spends about 7% of their total expenditure on the armed forces? Surely a major part of the 12,686 crore the government plans to spend on defence sector this year can be put to better use in our extremely needy country.

For the sake of our sovereignty we need a strong military force to repel aggressors. On the other hand, an economically challenged country like us needs all the money they can to provide the citizen with basic needs. Therefore, may be its time to put this issue out in the public for debate and clear all the doubts behind the reasons of such a huge expenditure on the defence sector of Bangladesh.


- Kazi Nayeem

Comments

Popular posts from this blog

Shaik Hasina, Salauddin Kader, Nizami and Tofayal

Shaik Hasina, Salauddin Kader, Nizami and Tofayal in the picture. Probably it was taken during a parliament session in the 1980s. 

শীর্ষস্থানীয় পাঁচ কোম্পানি

বাংলাদেশের বেসরকারি কোম্পানি বা কর্পোরেট হাউস গুলো দেশের অর্থনীতিকে এগিয়ে নিয়ে যাচ্ছে। পণ্য উৎপাদন বাড়ছে, কর্মসংস্থান হচ্ছে, ভোক্তা শ্রেণী বাড়ছে। এখানে শীর্ষস্থানীয় পাঁচ কোম্পানির কথা উল্লেখ করা হলোঃ স্কয়ার গ্রুপ স্কয়ার গ্রুপ আজ একটি  সুপরিচিত প্রতিষ্ঠানের নাম। এটিই দেশের শীর্ষস্থানীয় কোম্পানি। কিন্তু এর যাত্রা ১৯৫৮ সালে কঠিন পরিস্থিতিতে হয়েছিল। নাম।স্কয়ার গ্রুপ আজ  শুধু একটি প্রতিষ্ঠানের নাম নয় এটি একটি সংঘঠন যা গত চার দশকেরও বেশী সময় ধরে বাংলাদেশের অর্থনীতিতে গুরুত্বপূর্ণ অবদান রেখে যাচ্ছে। এর অঙ্গ প্রতিষ্ঠান স্কয়ার ফার্মাসিউটিক্যালস লিমিটেড ১৯৮৫ সাল থেকে বাংলাদেশের ঔষধ শিল্পে শক্তিশালী নেতৃত্বের অবস্থানে অধিষ্ঠিত এবং বিশ্ব ঔষধ শিল্পেও এখন এটি একটি সুপরিচিত বর্তমানে স্কয়ার প্রসাধন, গার্মেন্টস, টেক্সটাইল, তথ্য প্রযুক্তি, স্বাস্থ্য পণ্য, খাদ্যসামগ্রী, হাসপাতালসহ প্রায় সবখাতেই বিস্তৃতির মাধ্যমে বাংলাদেশের অর্থনীতিতে ভূমিকা রাখছে। স্থানীয় ব্যবসা উন্নয়নের মাধ্যমে বেকার সমস্যা সমাধানে অবদান রাখছে এই কোম্পানি।স্কয়ার গ্রপের গড় বার্ষিক টার্নওভার ২০০মার্কিন  ডলার। স্কয়ার গ্রুপের প্

History of Bangladesh's banking sector

The formally known ‘State Bank of Pakistan’ was renamed as ‘Bangladesh Bank’ right after Bangladesh’s independence. The Bangladesh Bank automatically became official foreign exchange reserve institute. It was too accountable for currency control, monitoring exchange and credit control. In the early 1970s, the government decided to permit foreign banks to continue their business and nationalize the local banks. In that very decade of 1970s, the primary concern of the government was to develop the country’s agricultural industry . This resulted in the Krishi Bank extending loans to more farmers. In the later decades, however, the county’s focus shifted to industrialization; resulting in various difficulties in the economic growth process. Lack of proper private activity guidelines and proper methods on loan giving were more significant of these problems. It was not until the late 1980s that these difficulties were being overcome and compensated for the agro sector. However the fin