Aaj English TV

Saturday, February 24, 2024  
13 Shaban 1445  

Defence budget likely to be increased after 3-year gap

The military's budget and salaries have not increased since 2020
File photo.
File photo.

Pakistan’s defence budget is expected to be increased in budget 2023-24 after a gap of three years.

The defence budget is expected to be raised from Rs1530 billion to Rs1800 billion, an increase of 11.1%.

The budget for the armed forces has not been increased since 2020. Two of these budgets were during the covid pandemic, where the government was looking to cut down costs. However, the budget was not increased even after the change of government last year as the government tried to fix a fast-deteriorating economy. The salaries of armed forces personnel have also not been increased since 2020.

Here is a comparison of how much countries around the globe spend on their military budget.

Country Military Budget
United States $877 billion
China $293 billion
India $76 billion
Saudi Arabia $55.6 billion
Iran $24.6 billion
UAE $22.5 billion
Turkiye $20.7 billion
Pakistan $11 billion

Here is a comparison of how much these militaries spend per soldier:

Country Per head spending
United States $392,000
China $371,000
India $42,000
Saudi Arabia $55.6 billion
Iran $23,000
UAE $22.5 billion
Turkiye $20.7 billion
Pakistan $13,400

For the latest news, follow us on Twitter @Aaj_Urdu. We are also on Facebook, Instagram and YouTube.

live coverage budget 2023 24

Comments are closed on this story.

Comments

Taboola

Taboola ads will show in this div