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 BulgarianMilitary.com, quoting Jane`s.
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.
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.
Follow us everywhere and at any time. BulgarianMilitary.com has responsive design and you can open the page from any computer, mobile devices or web browsers. For more up-to-date news from us, follow our YouTube, Reddit, LinkedIn, Twitter and Facebook pages. Do not miss the chance to subscribe to our newsletter.