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Pakistan may be spending 31% of its budget on defence

June 7 2012 at 5:25 AM

WAFFer  (Login AryanArya)
Satyameva Jayate (India)

The Pakistanis may be spending 31% of its budget on defence and another 35% of their budget on interest payments ! The North Koreans look like saints in front of the Pakis.


http://tribune.com.pk/story/389481/military-purse-may-be-twice-as-large-as-budgeted/

As opposed to a stated spending of Rs545 billion, or one-sixth of the federal budget, Pakistan may actually be spending around Rs913billion, or 31% of next years Rs2.96 trillion budget, on defence.

Besides the overt budget, an additional amount will be provided to the military out of its share in the Coalition Support Fund (CSF), expected to be disbursed by the United States, and services fees from the United Nations on account of military personnel involved in peacekeeping missions.

Besides this, a significant chunk will be provided from the budget to pay pensions to retired military officials and for progressing countrys defense development programme.

When combined with allocations to the countrys interest payments, which amount to Rs1.1 trillion, or 35% of the total budget, only one-third of the budget is left for running the government, and development.

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Krinvanto Vishwam Aryam
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 Re: Pakistan may be spending 31% of its budget on defenceFNJun 26, 2012, 11:47 AM
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