Pakistan defence budget in last 5 years seen declining: The News

ISLAMABAD: Pakistan defence budget expenditures during the last five years is seen on the decline.

Available government data show that a sum of Rs194 billion was allocated from a total budget outlay of Rs902 billion in 2004-05, while in 2008-09 out of total budget outlay of Rs210 billion, a sum of Rs296 billion was allocated for defence. During the last five years, the defence budget ratio to government expenditures declined by 7 percent, as it worked out to only 15 percent declining from 22 percent of the total expenditures.

Former Finance Advisor, Dr. Salman Shah said that the cut in defence expenditures aimed at more cost-effective utilization of the fund. He said that the defence budget didn’t include armed forces retired employees pension funds, as it was not part of the defence budget.

For more on this article, please click on the following link: Pakistan defence budget in last 5 years seen declining: The News