Defence budget likely to be increased after 3-year gap
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 |
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