Bangladesh Economy

[Michael Corleone]

Bangladesh is highly susceptible to climate change and to events like cyclone and floods. Also, if you don't cool down the current emotions in Bangladesh, you will find yourself making increasing defense procurements.

Freight equalization was stopped in 1993. The removal did not have any effect on national unity.

defence spending isn't counterintuitive to the economy... if anything it helps with securing national interest and ability to negotiate with greater intensity which is good for the economy

 

[AbuShalehRumi]

defence spending isn't counterintuitive to the economy... if anything it helps with securing national interest and ability to negotiate with greater intensity which is good for the economy

How much percent of GDP we spend on defense?

 

[Michael Corleone]

How much percent of GDP we spend on defense?

assuming our gdp has dropped to somewhere around 400 bln dollars we are currently spending about 1.2-1.3% of GDP.... The recommended figure of military spending in respect to GDP is 4% ie 16 billion dollars for Bangladesh... rn our budget has decreased from previous budget peak of 4.97 bln dollars

 

[UKBengali]

Do not take India as a reference. We too need to increase our tax revenue.

If BD increases tax revenue by 50% that would be enough for government to do what it needs to do at this stage of development.

 

[UKBengali]

assuming our gdp has dropped to somewhere around 400 bln dollars we are currently spending about 1.2-1.3% of GDP.... The recommended figure of military spending in respect to GDP is 4% ie 16 billion dollars for Bangladesh... rn our budget has decreased from previous budget peak of 4.97 bln dollars

No, no, no bro.

4% for BD would be economic suicide as revenues are far too low and BD does not have an "investment" level credit rating and so cannot borrow cheaply on the money markets.

At this stage 2% would be a good figure as it would allow a substantial increase in defence capability but also not strain the BD economy too much.

 

[zhanlong]

No, no, no bro.

4% for BD would be economic suicide as revenues are far too low and BD does not have an "investment" level credit rating and so cannot borrow cheaply on the money markets.

At this stange 2% would be a good figure as it would allow a substantial increase in defence capability but also not strain the BD economy too much.

How is Walton doing now?

 

[UKBengali]

How is Walton doing now?

Record profits and they have designed and built their own 4K panel.

They are doing well and just need to keep focused on overseas expansion now as they are dominating the home BD market.

 

[BananaRepublic]

Do not take India as a reference. We too need to increase our tax revenue.

No one is disputing this!

It’s by how much that is the question.

My estimate is 10-15%.

 

[UKBengali]

No one is disputing this!

It’s by how much that is the question.

My estimate is 10-15%.

10-15% is nothing.

I think AL were aiming for like 50% as that was the advice they were given by the economists and experts who understood what BD needed and was capable of generating.

 

[BananaRepublic]

Yunus admin is getting the basics right. But unfortunately, BAL r***d us too much and Yunus admin will not get 10 years to fix our state

Try broadening your vocabulary so that you don’t have to use vulgar words to express your emotions?

Would have expected your post to have been deleted!

 

[BananaRepublic]

10-15% is nothing.

I think AL were aiming for like 50% as that was the advice they were given by the economists and experts who understood what BD needed and was capable of generating.

I am talking about tax to GDP ratio!

Given BD’s GDP is very thinly distributed going above 5% is not possible in the medium term. It will get too many “barely surviving” people into the tax net. And you will have riots.

And going after the crooks too aggressively will stifle GDP growth.

A balance needs to be struck.

 

[BananaRepublic]

No, no, no bro.

4% for BD would be economic suicide as revenues are far too low and BD does not have an "investment" level credit rating and so cannot borrow cheaply on the money markets.

At this stage 2% would be a good figure as it would allow a substantial increase in defence capability but also not strain the BD economy too much.

4% of GDP on defence lol

Apparently that would be enough to move the elephant next door lol

 

[AbuShalehRumi]

Try broadening your vocabulary so that you don’t have to use vulgar words to express your emotions?

Would have expected your post to have been deleted!

Why don't you try to have some shame?

 

[kambhakt]

defence spending isn't counterintuitive to the economy... if anything it helps with securing national interest and ability to negotiate with greater intensity which is good for the economy

Not if you are importing most of your defense needs. Then it is a drain on forex which will devaluate your currency and make imports costlier driving up inflation.

 

[BananaRepublic]

Not if you are importing most of your defense needs. Then it is a drain on forex which will devaluate your currency and make imports costlier driving up inflation.

And which sector will lose out?

Countries with above 2% GDP spend manage by cutting safety net and/or draining education.

Cannot think of a single country that manages to do it without hitting the poor.