Defence Industry

According To The Pakistan Army, The Defence Budget For 2022-23 Will Drop From 2.8% To 2.2% Of GDP

Story Highlights
  • The allotment accounts for about 1.94 percent of GDP and 16% of the government's overall expenditure for the coming year.
  • The spokeswoman stated that the leadership believes he should return, but it is up to his family to make that decision.

The Pakistan army said on Tuesday that, contrary to popular belief, the defence budget for 2022-23 has been reduced from 2.8 percent to 2.2 percent of GDP.

Major General Babar Iftikhar, army spokesman, told Dunya News TV that while people talk about the defence budget, “we are meeting all the tasks within the minimal resources we have whereas India has always raised the defence budget.”

He stated that due to variables such as inflation and currency devaluation, the budget allocation for fiscal year 2022-23 has decreased in real terms.

“When inflation and rupee depreciation are taken into account, the defence budget was really decreased.” Last year, it was 2.8 percent of GDP, and currently it is 2.2 percent. As a result, the budget is constantly shrinking in terms of GDP,” he explained.

Defence received Rs 1,523 billion from Finance Minister Miftah Ismail on Friday, accounting for 17.5 percent of overall current spending and an increase of 11.16 percent over the previous year.

The allotment accounts for about 1.94 percent of GDP and 16% of the government’s overall expenditure for the coming year.

In answer to a query concerning former President Pervez Musharraf, the spokeswoman stated that the leadership believes he should return, but it is up to his family to make that decision.

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