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The high defense spending has sparked debates about its impact on Pakistan’s socio-economic growth. [3] Critics argue that the military budget takes a significant portion of the federal budget and results in economic inequality in Pakistan. [9] [10] [11] The transparency of Pakistan's military expenditure has been criticized.
In 1993, Benazir Bhutto's defence budget for the year was set at PKR 94 billion (US$3.3 billion), which represented 27% of the government's circular spending and 8.9% of GDP, in calculations shown by the United States military. [188]
The 2024–25 Pakistan Federal Budget is a financial statement of the government's estimated receipts and expenditures for the fiscal year that runs from 1 July 2024 to 30 June 2025. [ 1 ] [ 2 ] On 12 June 2024, finance minister Muhammad Aurangzeb presented the federal budget with a total outlay of Rs18.877 trillion. [ 3 ]
Pakistan's powerful military has agreed in a rare move to cut its hefty budget for a year to help ease the South Asian country's "critical financial situation," Prime Minister Imran Khan said.
Pakistan’s parliament has approved a bill that will extend the terms of the country’s military heads from three years to five, in proceedings rushed by the ruling coalition government amid ...
The 2023–24 Pakistan federal budget was the Federal Budget implemented by the government of Pakistan for the fiscal year 2023–24. The revised budget was presented to Parliament on 25 June, 2023 after Finance Minister Ishaq Dar introduced new taxation measures and expenditure cuts. The budget was accepted the next day.
Pakistan’s new coalition government presented its first budget in parliament on Wednesday, promising an increase of up to 25% in the salaries of government employees and setting an ambitious tax ...
The following lists are of countries by military spending as a share of GDP—more specifically, a list of the 15 countries with the highest share in recent years. The first list uses the Stockholm International Peace Research Institute as a source, while the second list gets its data from the International Institute for Strategic Studies .