Connexionblog
Sunday, October 1, 2023
  • About Us
  • Home
No Result
View All Result
  • Home
  • World
  • Lifestyle
  • Entertainment
  • Mumbai
  • Bussiness
  • Sports
  • Bikes
  • Jobs and Education
  • Technology
  • Home
  • World
  • Lifestyle
  • Entertainment
  • Mumbai
  • Bussiness
  • Sports
  • Bikes
  • Jobs and Education
  • Technology
No Result
View All Result
Connexionblog
No Result
View All Result
Home World

Pakistan increased its defense budget by 15.5 percent defense budget of india vs pakistan. Pakistan increased its defense budget by 15.5 percent even in poverty, know where Pakistan is compared to India

by Ananya Dewan
June 9, 2023
in World
0
Pakistan increased its defense budget by 15.5 percent defense budget of india vs pakistan.  Pakistan increased its defense budget by 15.5 percent even in poverty, know where Pakistan is compared to India
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


India vs Pakistan Army - India TV Hindi
Image Source : FILE India vs Pakistan Army

Despite battling poverty, Pakistan has increased its defense budget by 15.5 percent. Explain that Pakistan, which has been facing cash crisis for a long time, proposed to increase the expenditure on the defense sector by 15.5 percent to Rs 1.8 lakh crore in the next financial year budget presented on Friday. Although it is many times less than India’s defense budget. Pakistan’s Shehbaz Sharif government has presented a total budget of Rs 14.4 lakh crore for the financial year 2023-24, trying to prevent a possible payment default due to dwindling foreign reserves. Presenting the budget in the National Assembly, the lower house of the Parliament, Finance Minister Ishaq Dar said that a target of 3.5 per cent growth rate has been set for the coming financial year. Right now Pakistan’s GDP is running below zero.

Dar said, “This budget should not be seen as an ‘election budget’. It should be seen as a ‘responsible budget’. Elections are due in Pakistan this year amid political instability since the fall of the Imran Khan government in April last year. He said that Rs 1,804 billion has been proposed in the budget for the defense sector, which is 15.5 percent more than last year’s proposal of Rs 1,523 billion. Defense expenditure accounts for about 1.7 percent of Pakistan’s gross domestic product (GDP). The maximum provision of Rs 7,303 billion has been made in the budget for loan repayment. The Finance Minister said that the inflation target for the next financial year has been kept at 21 per cent while the budget deficit will be 6.54 per cent of GDP. (PTI)

India’s defense budget is so big

India has presented the world’s third largest defense budget this time. India’s defense budget for the year 2023-24 has increased from 5.25 lakh crore to 5.94 lakh crore. This is about 5 times more than Pakistan’s defense budget. While China’s defense budget is only a quarter. That is, China’s military budget is 4 times more than India’s defense budget. Although China’s defense budget was about two to two and a half times more than India’s military budget till a few years ago, but during 3 to 4 years, China has increased its defense budget by two times.

read this also

Ukraine’s “boat” stuck after dam break, help unable to reach flood victims in Russian-occupied Oleski

The blueprint for the end of Imran Khan’s politics in Pakistan is complete! Said – preparations for my ‘court martial’ have been done

Latest World News

Read breaking news, live news updates and special stories from India and abroad on India TV Hindi News and keep yourself up-to-date. Click for Asia News in Hindi Foreign Section
defense budget of india vs pakistan


<

ShareTweetPin

Related Posts

Telangana Chhattisgarh Assembly Election 2023 PM Narendra Modi Rally In Mehboob Nagar Telangana
World

Telangana Chhattisgarh Assembly Election 2023 PM Narendra Modi Rally In Mehboob Nagar Telangana

October 1, 2023
India-China Border Tawang Sector People Arunachal Pradesh Integral Part Of India |  People enraged by China's claim on Arunachal Pradesh, responded bluntly and said
World

India-China Border Tawang Sector People Arunachal Pradesh Integral Part Of India | People enraged by China’s claim on Arunachal Pradesh, responded bluntly and said

October 1, 2023
Who has written Mahatma Gandhi's favorite hymn 'Vaishnav Jan To Tene Kahiye'?
World

Who has written Mahatma Gandhi’s favorite hymn ‘Vaishnav Jan To Tene Kahiye’?

October 1, 2023
पाकिस्तान में आम चुनाव में और देरी हो सकती है: पूर्व प्रधानमंत्री अब्बासी
World

General Elections In Pakistan May Be Further Delayed: Former Prime Minister Abbasi – General Elections In Pakistan May Be Further Delayed: Former Prime Minister Abbasi

September 30, 2023
Today Mercury will enter Virgo, know which Rajyoga will be formed?
World

Today Mercury will enter Virgo, know which Rajyoga will be formed?

September 30, 2023
Which zodiac sign's income will increase on October 1, 2023 - who will get the desired job?  Know from daily horoscope
World

Which zodiac sign’s income will increase on October 1, 2023 – who will get the desired job? Know from daily horoscope

September 30, 2023
Next Post
The Rahane-Thakur partnership saved India from the threat of a follow-on;  Australia lead by 296 runs, Jadeja took two wickets

The Rahane-Thakur partnership saved India from the threat of a follow-on; Australia lead by 296 runs, Jadeja took two wickets

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • About
  • Advertise
  • Privacy & Policy
  • Contact

© Connexionblog 2023. All Rights Reserved.

No Result
View All Result
  • Home
  • World
  • Lifestyle
  • Entertainment
  • Mumbai
  • Bussiness
  • Sports
  • Bikes
  • Jobs and Education
  • Technology

© Connexionblog 2023. All Rights Reserved.