ISLAMABAD – Pakistan’s new fiscal year budget bill (June 2021 to June 2022) submitted to parliament According to it, Pakistan’s military-defense budget shows an increase of 6.2 percent compared to last year.
Pakistani official sources on Saturday, referring to the session of the National Assembly to present the budget bill for the new fiscal year, said: The budget bill of 8 trillion and 487 billion rupees (equivalent to approximately 53.93 billion dollars) was submitted to the National Assembly of Pakistan.
Pakistan’s budget for the new fiscal year is 6.2 per cent higher than the current defense-military budget for the current fiscal year, compared to the proposed increase in the budget compared to what the Pakistan Armed Forces received in recent years. , Lower.
Explaining the budget plan for the new fiscal year, the Minister of Finance of the Government of Pakistan, Shaukat Fayyazatrin, announced in the open court of the Parliament yesterday: One trillion and 370 billion rupees of Pakistan’s military-defense budget will be in the new fiscal year. Planned expenditures for the Pakistan Armed Forces account for 16% of Pakistan’s total budget and 2.54% of GDP.
Pakistani news sources wrote: “Statistics on defense budget allocation do not in any way reflect the true cost of the country’s armed forces.” It is said that the payment of 360 billion rupees to the retired military will be financed from the current expenses of the government instead of from that defense budget. In addition, major military funding is expected to be provided separately, as well as funding for nuclear military activities, which has always been a covert plan in Pakistan.
The competitive environment between Islamabad and Delhi and on the subcontinent is one of the main reasons for Pakistan’s annual increase in defense budget. However, experts in this country say that India’s military-defense budget is six times larger than Pakistan’s defense-military budget.
Pakistan and India conducted the last nuclear tests of the 20th century in May 1998. The events of May 1998 created a triangle of nuclear-armed countries in South Asia – India, China and Pakistan – that not only have disputed borders but have continued deep historical hostilities with each other.
Pakistan and India, two of the continent’s two traditional rivals, were among the nine countries that spent the most on nuclear weapons last year, according to the latest International Nuclear Disarmament Campaign report on estimated global nuclear costs.
According to the report, Pakistan’s budget bill, which was submitted to parliament yesterday, will be discussed in the next few days, and MPs will be required to submit proposals to amend the budget.
The Pakistani opposition in parliament criticized the government’s performance in drafting the budget for the new fiscal year, saying that the budget would not only reduce the cost of living in the country, but also exacerbate the livelihood and economic problems of the poor.