The plan to immortalise the iconic Australian image of the "bogan" in a giant steel statue complete with thongs, singlet and Esky was submitted to Bogan Shire Council earlier this year, with proponents suggesting the statue could be a big tourist drawcard for the town of Nyngan.

Bogan Shire Council's general manager Derek Francis said the proposal was among items that had been included in budget estimates for the coming year.

"Council discusses its budget once a year at an extraordinary budget meeting, this year it's on May 14," he said.

"The meeting's during the day and is open to members of the public. It (The Big Bogan) is in the draft budget for consideration."

Drawings prepared by council's manager of engineering services Graeme Bourke based on an idea by Reverend Graham McLeod of Nyngan's St Mark's Anglican Church received an enthusiastic reception when first brought to the attention of council at its March monthly meeting.

Since then, news of the proposal had brought nationwide media attention to Nyngan, with some overseas media outlets even reporting the story.

Earlier this month Bogan Shire Mayor Ray Donald told the Daily Liberal there had been a mixed but mostly positive reception from members of the community, who were being consulted as to whether the idea should go ahead.

"Some residents are a bit worried about the derogatory side of the bogan idea, and fear that it will project an image that that's what Nyngan people are like," he said.

"But it's not meant to imply Nyngan people are bogans.

"There has been a mixed reaction but most appear to be seeing the positive aspects."

Preliminary estimates suggested the 3.6m high steel figure with a fishing rod in his hand alongside a three-dimensional Esky for visitors to sit and have their photo taken with The Big Bogan would cost about $8000.

If The Big Bogan went ahead, council was expected to minimise costs by having council staff construct the monument.