Monday, May 16, 2022

Pakistan increases defence budget by 6% to USD8.8 billion

The Pakistan government has announced a defence budget of PKR1.37 trillion (USD8.78 billion) for fiscal year (FY) 2021–22. The allocation is a 6.2% increase over the original 2020–21 defence expenditure of PKR1.29 trillion.

The new defence budget will represent about 16% of the government’s total expenditure for 2021–22 and has been announced against the backdrop of Pakistan’s improving economy. In 2020–21 the country’s GDP is forecast to climb by nearly 4%, despite the ongoing Covid-19 pandemic.

The bulk of Pakistan’s defence budget is allocated to Defence Services, with a small amount for Defence Administration. The largest expenditure in the former appropriation is employee-related expenses, which in 2021–22 receives PKR481.6 billion, a 1% year-on-year increase

Defence Services also includes physical assets and operating expenses, which in 2021–22 receive PKR391.5 billion and PKR327.1 billion, increases of 9% and 8% respectively. Expenses for civil works is PKR169.7 billion, while Defence Administration receives PKR3.27 billion.

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In terms of the armed services, the Pakistan Army will receive PKR651.5 billion in 2021–22 (or nearly 48% of the total), while the Pakistan Air Force and Pakistan Navy have been allocated PKR291.1 billion and PKR148.7 billion (or 21% and 11%) respectively. The majority of the remainder is allocated for defence-wide requirements.

In a separate appropriation, Pakistan’s Defence Production Division, which supports the national defence industry, will receive PKR1.74 billion in 2021–22, an increase of nearly 11%

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