National Assembly on Thursday (June 27) passed the Rs11.5 trillion defense budget for the next fiscal year (2019-20) as opposition did not present any cut-down motion on defence spending.
Pakistan’s Revenue Minister Hammad Azhar presented the budget on June 11 in which he had declared that the budgetary allocation for the defence sector was kept the same as the last year’s. But the budget document showed a slight increase of 4.5 per cent by the government.
According to the documents, the original allocation for defence for outgoing fiscal (2018-19) was Rs 1,100 billion but it was revised later to Rs 1,137 billion, up by 3.4 percent, by the end of the year. So, the actual rise from previous allocation was Rs 52,201 million or 4.5 per cent.
Pakistan’s military, in a rare move, early this month decided to voluntarily cut the defence budget for the next fiscal year and assured the nation that there would be no impact to its “response potential” due to the voluntary cut in the budget.
During yesterday session, opposition also presented cut motions of Rs 227.15 billion for power division and Rs 25.62 billion in petroleum division. But both the motions were rejected by the majority.
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17 July, 2019