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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.
The 2023–24 Pakistan federal budget was the Federal Budget ... Increase in defense expenditures to Rs1,804bn, consisting of a 15.4% increase from the previous budget.
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 .
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 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 ]
In 2023, 11 Nato countries spent the equivalent of at least 2% of GDP on defence. ... Defence spending: How Nato countries compare. Ian Jones, PA. April 10, 2024 at 7:16 AM.
A positive (+) number indicates that revenues exceeded expenditures (a budget surplus), while a negative (-) number indicates the reverse (a budget deficit). Normalizing the data, by dividing the budget balance by GDP, enables easy comparisons across countries and indicates whether a national government saves or borrows money.
The UAE, for which recent data is not available, has also spent historically large amounts of money on the military on a per capita basis. The UAE had a per capita spending of $2470 per person back in 2014, making it the second highest spender in that year just after Saudi Arabia, [ 1 ] but by 2020 that number had fallen to $2204.