Pakistan raises annual defence budget by 10 percent
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Pakistan’s new government announced Wednesday a 10 percent increase in defence spending a week after taking office, despite a crippling budget deficit of 8.8 percent. The budget for fiscal year 2013-14, which begins July 1, comes against a backdrop of weak economic growth, high inflation, dwindling foreign exchange reserves and unprecedented power cuts. But the […]https://www.defencetalk.com/pakistan-raises-annual-defence-budget-by-10-percent-48100/
Pakistan’s new government announced Wednesday a 10 percent increase in defence spending a week after taking office, despite a crippling budget deficit of 8.8 percent. The budget for fiscal year 2013-14, which begins July 1, comes against a backdrop of weak economic growth, high inflation, dwindling foreign exchange reserves and unprecedented power cuts. But the […]https://www.defencetalk.com/pakistan-raises-annual-defence-budget-by-10-percent-48100/