Budget 2023-24: Pakistan increases defence spending for the first time in three years
Budget 2023-24 - Defence Sector
ISLAMBAD – Keeping in view the importance of the invincible defence of the motherland, the federal government has decided to allocate Rs 1.804 trillion for the Defence Division in the Federal Budget 2023-24.
In the previous Federal Budget 2022-23, the allocation for Defence Division was Rs 1.52 trillion whereas this year, the government has made an increase of Rs 281 billion, clearly indicating that there will be no compromise on the defence of the motherland.
Federal Minister for Finance and Revenue, Senator Muhammad Ishaq Dar made the announcement while unveiling the Federal Budget 2023-24 here at the National Assembly on Friday.
Since 2020, the budget for the armed forces had not been increased as the national economy was battling to recovery from the shocks of the Covid pandemic.
https://en.dailypakistan.com.pk/09-Jun-2023/pakistani-govt-presents-federal-budget-for-fy24-today-with-new-taxes-of-rs700bn-to-woo-imf
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