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Table 5. 
Fiscal Cost of a Universal Pension Scheme in Bangladesh, 2012
 Universal Pension from Age
60657075
Average monthly benefit (Tk) 1,500 1,500 1,500 1,500 
Beneficiaries (million) 9.9 6.7 4.1 2.1 
Fiscal cost     
% of GDP 1.9 1.3 0.8 0.4 
% of total government expenditure 11.9 8.0 4.9 2.5 
 Universal Pension from Age
60657075
Average monthly benefit (Tk) 1,500 1,500 1,500 1,500 
Beneficiaries (million) 9.9 6.7 4.1 2.1 
Fiscal cost     
% of GDP 1.9 1.3 0.8 0.4 
% of total government expenditure 11.9 8.0 4.9 2.5 

GDP = gross domestic product, Tk = taka.

Sources: Bangladesh authorities and author's calculations.

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