News, Pakistan

Pakistan – Rs. 110 billion increase in defense budget!!?!

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Govt projects Rs 110bn increase in defence budget

* Consolidated expenditures of federal, provincial govts to increase by Rs 33bn

By Sajid Chaudhry

ISLAMABAD: The government has projected an increase of Rs 110 billion in the defence budget and informed the International Monetary Fund that according to the post-flood situation, the defence budget will be Rs 552 billion against the budgetary allocation of Rs 442 billion for the ongoing fiscal year 2010-11.

This increase in the defence budget has been projected by the government at a time when development and non-development budgets of the civil government are being slashed by 50 percent and 20 percent respectively to create fiscal space for the rehabilitation of the flood-affected population. …

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