Pakistan Budget 2014 allocates Rs.700 billion for Defense

Pakistan’s Defense budget has been raised to Rs700. 2 billion for the fiscal year 2014-15 starting on July 1, compared with Rs 627.2 billion provided in the last fiscal, which shows a jack up of Rs 73 billion.
However, the military had demanded an increase of Rs 173 billion in defense spending.
As per military officials, the increase is justified as Pakistan military’s expenses are lowest in the region given the volatile security atmosphere.
As per Pakistan’s defense ministry, out of the whole defense budget, Pakistan Army gets 48%, 20% to Pakistan Air force and Navy will get 10%.

Month: Current Affairs - June, 2014