Pakistan’s defence budget increased by 16 pc : The Tribune India

Join Whatsapp Channel

Pakistan’s defence budget increased by 16 pc

Pakistan’s defence spending is now 1.7 per cent of its GDP, showing a decline compared to last year

Pakistan’s defence budget increased by 16 pc

Photo for representational purpose only.



IANS

Islamabad, June 10

The Pakistan government has proposed a roughly 16 per cent increase in the defence budget as the country continues to face internal and external security challenges, the media reported.

Interestingly, all three services—Army, Navy, Air Force—were given an equal increase in the budget, although the military takes the major share given its size and the role, The Express Tribune reported.

Pakistan’s defence spending is now 1.7 per cent of its GDP, showing a decline compared to last year.

The defence spending in 2022-23 was around 2 per cent of the country’s GDP, the size of which has grown due to the rebasing of the economy, The Express Tribune reported.

Defence spending has always been the subject of discussions with some seeking greater transparency and open debate about the military’s budget.

In recent years, the government provides more details about the defence budget.

However, there has never been open debate within the parliament on the subject.

Observers believe that the increase in the defence budget is justified given the impending external and internal security challenges, The Express Tribune reported.

Despite the US troops’ withdrawal from neighbouring Afghanistan, Pakistan still deploys thousands of troops along the western border as well as in the erstwhile tribal areas to deal with the threat of terrorism.

The budget document shows that defence outlay for 2023-24 would be 1,804 billion PKR compared to the revised defence spending of 1,591 billion PKR earmarked for the outgoing fiscal year.

#Pakistan


Top News

Trump attacked during Pennsylvania rally, suspected shooter shot dead

Trump attacked during Pennsylvania rally, suspected shooter shot dead

Federal agency personnel immediately escort the former presi...

FBI identifies shooter as 20-year-old Pennsylvania man: Report

FBI identifies shooter as 20-year-old Pennsylvania man: Report

The Federal Bureau of Investigation is not releasing the nam...

A bullet pierced upper part of my ear, says Trump after escaping assassination bid

A bullet pierced upper part of my ear, says Trump after escaping assassination bid

In his first statement issued on the social media platform T...

Former US President Donald Trump got injured but 'doing well' says his campaign

Former US President Donald Trump got injured but 'doing well', says his campaign advisers

Law enforcement officials said the US Secret Service shot de...


Cities

View All