DefenceTalkPakistan’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/

DefenceTalkChina plans to raise its central government defense budget by 10.7 percent to 720.2 billion yuan (114.3 billion U.S. dollars) in 2013, according to a budget report submitted to the national legislature for review on Tuesday. The military spending will be used to improve living and working conditions of service people, make the armed forces […]https://www.defencetalk.com/china-defense-budget-to-grow-10-7-in-2013-report-47066/