Breaking news
Pakistan increase of defence budget by nearly 10 percent for the fiscal year 2012-2013 0206125.
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Defense News - Pakistan |
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Saturday, June 2, 2012, 07:52 AM | |||
Pakistan increase of defence budget by nearly 10 percent for the fiscal year 2012-2013. | |||
Pakistan
Friday, June 1, 2012, increased by nearly 10 percent the allocation for
defense in its budget for fiscal 2012-13 (from July 2012 to June 2013)
to 545 billion rupees (5.82 billion U.S. dollars). The budget documents
presented in parliament showed a sum of 545 billion rupees had been allocated
for the defense services, compared with 495 billion rupees earmarked in
the fiscal year ending on June 30. |
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Pakistani army soldiers during a military parade |
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The
budget documents further stated that the actual expenditure on defense
during fiscal 2011-12 was 509.32 billion rupees (5.45 billion U.S. dollars),
or 14.32 billion rupees more than the allocation of 495 billion rupees. |
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