Pakistan News And Discussion-14

[SSridhar]

<!--QuoteBegin-Mudy+Dec 3 2007, 09:06 AM-->QUOTE(Mudy @ Dec 3 2007, 09:06 AM)<!--QuoteEBegin--><!--QuoteBegin--><div class='quotetop'>QUOTE<!--QuoteEBegin-->And yet TSP is spending ~12% of its GDP on defence<!--QuoteEnd--><!--QuoteEEnd-->
Consider following in equation -
Pension funds are not included
Revenue from Cereals and bakery business are not included
Revenue from Bar-b-Que shops are not included
Revenue from Banks, Hotels, motels, transport companies are not included.
Revenue from drug business are not included
Revenue from Export-Import are not included.
.....

I think spending should be around 30% of GDP.
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I won't be surprised even if it were 30%. You are right about pension not being included in the TSP Military Budget. However, we should not include revenue from the various subsidiaries of the Fauji Foundation (FF) because we are talking expenditure. In any case, the revenues of the FF are entirely for mis-appropriation by the Jernails and other officer ranks. The other point to note is that the huge land deals entered into by the three wings of the TSP Armed Forces, which are always done at throwaway prices. Since somebody else is subsidizing the real cost, that cost differential should be also included. This may go even beyond 30% then.