06-12-2008, 10:51 AM
<b>Defence budget increased by 7.6pc</b><!--QuoteBegin-->QUOTE<!--QuoteEBegin-->ISLAMABAD: The defence budget for the 2008-09 fiscal year has been raised by 7.6 percent â from Rs 275 billion in 2007-08 to Rs 296 billion, according to the federal budget announced on Tuesday.
The increase is virtually negligible, when seen in the context of a 10.4 percent inflation and a threefold increase in fuel prices compared with last year. A 20 percent increase in salaries will also reduce the impact of the 7.6 percent increase.
Of the total Rs 296 billion, Rs 294.9 billion have been allocated to military defence and Rs 1.17 billion to defence administration. Of the military defence allocation, Rs 99 billion will be spent on employeesâ related expenses. The operating expenses will be Rs 82.84 billion and the cost of physical assets Rs 87.63 billion. The army will spend Rs 25.73 billion on civil works. The defence budget will be discussed in parliament for the first time this year.<!--QuoteEnd--><!--QuoteEEnd-->
Nareshji,
Antony told them we will increase, now Paki is saying LOL we knew it , we knew it and they came out with new number.
Now, fools in South block will keep defence budget at same level.
By the way next budget will be decided by new Govt. in 2009
The increase is virtually negligible, when seen in the context of a 10.4 percent inflation and a threefold increase in fuel prices compared with last year. A 20 percent increase in salaries will also reduce the impact of the 7.6 percent increase.
Of the total Rs 296 billion, Rs 294.9 billion have been allocated to military defence and Rs 1.17 billion to defence administration. Of the military defence allocation, Rs 99 billion will be spent on employeesâ related expenses. The operating expenses will be Rs 82.84 billion and the cost of physical assets Rs 87.63 billion. The army will spend Rs 25.73 billion on civil works. The defence budget will be discussed in parliament for the first time this year.<!--QuoteEnd--><!--QuoteEEnd-->
Nareshji,
Antony told them we will increase, now Paki is saying LOL we knew it , we knew it and they came out with new number.
Now, fools in South block will keep defence budget at same level.
By the way next budget will be decided by new Govt. in 2009