This report is an update to a publicexpenditure review (PER) for Bangladesh undertaken in 2010.It aims to analyze the major spending trends since (andbefore) the PER-2010. This includes the macro-fiscal stance(deficits, debt, etc.) and the allocation of resourceswithin the budget on both a sectoral level (health,education, etc.) and a thematic level (wages, interest,etc.). It notes whether these trends are broadly in linewith stated development objectives, and whether the revenueand spending stances are sustainable. It also aims toindicate any potential issues based on the evidencepresented in this report and provide an indication of theareas in which improvements or set-backs have occurred sincethe PER-2010, as well as whether any new issues areemerging. This report also indicates where more in-depthanalytical work can be undertaken, either to confirm thefindings or to gain a better understanding of an issue.