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Pakistan Defence Budget 2015-16: An Analysis

Pakistan Defence Budget 2015-16: An Analysis Pakistan has increased defence spending by over 11 percent for the fiscal year 2015-16 in budget allocations declared on 5 June. The allocations made are Pak Rs 781.162 billion rupees or US $7.7 billion for "'Defence Affairs and Services."  Presenting the budget in the National Assembly, Finance Minister Ishaq Dar said: “The defence budget is being increased from Rs700bn for the outgoing fiscal year to Rs 780bn for 2015-16.” The minister said that while overall current expenditure of the government had declined nominally by 0.7pc, defence expenditure was being increased given the security situation and requirements of the armed forces. The overall deficit of the national budget is 4.3 percent of GDP. The planned growth for 2015...
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