Pakistan Increased Its Defence Budget with 1,3% to $7,6 Billion in 2019-20

ISLAMABAD, (BM) – The Government of Pakistan has announced a 2019–20 defence budget of PKR1.15 trillion (USD7.6 billion), a 1.3% increase over the revised military expenditure in 2018–19, learned, quoting Jane`s.

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The new defence budget – announced on 11 June – amounts to about 16% of total government expenditure for the year and about 3% of GDP.

However, the lack of growth in the allocation was attributed by the government to “austerity measures”, a reflection of the continuing fiscal challenges facing the South Asian country.

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Budgetary documents released by the Ministry of Finance show that the bulk of defence spending in 2019–20 will be allocated to “employee-related expenses”, which receives PKR450.4 billion, a 5.5% increase against the revised budget for 2018–19.

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Source: Jane`s