ISLAMABAD – The defence budget has been set at Rs1.1 trillion from a revised budget estimate of Rs999bn in the previous year ─ 19.5pc of the total budgeted outlay, while the PSDP has been slashed to Rs800bn for FY18-19.
The increase in the defence budget for 2018-19 is the highest since the PML-N took over in 2013.
Salient features of Budget 2018-19:
- Budget outlay estimated at Rs5,932.5bn from Rs5,103.88bn last year ─ a 10.6% increase
- The budget hikes current expenditures and cuts development
- Bank borrowing estimated at Rs1,015.3bn, roughly 2.6 times higher than last year
- Defence budget experienced a 19.5pc increase from last year
Defence Budget:
