Defence Expenditure
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Guns Over Growth? Pak Hikes Defence Budget By 20%, Slashes Overall Spending
Pakistan, whose overall debt has increased to nearly PKR 76,000 billion (approx USD 270 billion) in the first nine months of the current fiscal year, seems to be prioritising its military spending over development.
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India Red-Flags $800 Million Asian Development Bank Aid Package To Pakistan
India has expressed deep concerns over the potential misuse of the $800 million ADB aid package to Pakistan as the country is increasing its defence expenditure, despite the poor fiscal position.
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2024 Global Military Spending Hit $2.7 Trillion In Record Surge. Here's Why
Amid changing geopolitical relations, wars and rising tensions, the year 2024 saw the steepest rise in worldwide military expenditure since the end of the Cold War, reaching $2.7 trillion, researchers said Monday.
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Interim Budget 2024: Defence Budget Pegged At Rs 6.21 Lakh Crore For 2024-25
Interim Budget 2024: In a modest hike, the government on Thursday increased the defence budget to Rs 6.21 lakh crore for 2024-25 from last year's allocation of Rs 5.94 lakh crore and announced an ambitious scheme for "deep-tech" technologies
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Russia Doubles 2023 Defence Expenditure Amid Rising Ukraine War Costs
Russia has doubled its 2023 defence spending target to more than $100 billion - a third of all public expenditure - a government document reviewed showed, as the costs of the war in Ukraine spiral and place growing strain on Moscow's finances.
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Robust Defence Finance System Backbone Of Strong Military: Rajnath Singh
Defence Minister Rajnath Singh on Wednesday batted for a foolproof system of internal and external audit for defence expenditure and called for devising innovative ways to maximise the value of money spent on India's security needs.
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Defence Procurement From Foreign Sources Reducing: Centre
The expenditure on defence procurement from foreign sources has reduced from 46 per cent of the overall expenditure in 2018-19 to 36.7 per cent as per data till December last, according to government data.
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In 2022-2023, Defence Expenditure Was 14.08% Of Expenses: Centre
In 2022-23, the defence expenditure was 14.08 per cent of the central government expenses, Parliament was informed on Monday.
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Russia To Spend $600 Billion On Defence And Security By 2025: Report
Russia is planning to spend a total of 34 trillion roubles ($600 billion) on national defence, security and law enforcement between 2022 and 2025 under its latest expenditure plan, a source familiar with finance ministry calculations told Reuters.
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Capital Expenditure Percentage On Import By Armed Forces On Decline: Centre
The percentage of capital expenditure incurred by the armed forces for the import of equipment and military hardware witnessed a steady decline in the last three years, data provided by the government in Lok Sabha on Friday showed.
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India's Military Spending 3rd Highest In World: Report
World military expenditure reached an all-time high of USD 2.1 trillion in 2021, the Stockholm International Peace Research Institute (SIPRI) said on Monday, adding that the top three largest spenders were the United States, China and India.
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Budget Gives 19% More Buying Power To Defence Forces, Highest In 15 Years
The Union Budget made a 19 per cent higher allocation for the country's armed forces to buy new weaponry compared to last year and the highest in the last 15 years. The Union Budget presented by Finance Minister Nirmala Sitharaman today pegged the defence budget at Rs 4.78 lakh crore, which includes a capital expenditure budget of Rs 1.35 lakh cror...
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Union Budget 2021: Increase In Healthcare, Defence Expenditure Non-Negotiable: P Chidambaram
Ahead of the keenly awaited Union Budget 2021, senior Congress leader and former Finance Minister P Chidambaram on Monday asked the people of the country to watch out for an increase in healthcare and defence expenditure.
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GC Murmu Is J&K's First Lieutenant Governor, Satya Pal Malik Moved To Goa
Jammu and Kashmir Governor Satya Pal Malik, who presided over India's northernmost state as it witnessed some of its most historical changes in recent memory, has been transferred. Girish Chandra Murmu, the Union Expenditure Secretary, will take over as the first Lieutenant-Governor of Jammu and Kashmir. Former Defence Secretary Radha Krishna Mathu...
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"One Of The Most Opaque": P Chidambaram On Nirmala Sitharaman's Budget Speech
The budget speech by Union minister Nirmala Sitharaman is one of the "most opaque ever" former finance minister P Chidambaram said, pointing out that it leaves out all crucial information regarding the government's expenditure, revenue, fiscal deficit, and even the allocation for the defence sector.
-
Guns Over Growth? Pak Hikes Defence Budget By 20%, Slashes Overall Spending
Pakistan, whose overall debt has increased to nearly PKR 76,000 billion (approx USD 270 billion) in the first nine months of the current fiscal year, seems to be prioritising its military spending over development.
-
India Red-Flags $800 Million Asian Development Bank Aid Package To Pakistan
India has expressed deep concerns over the potential misuse of the $800 million ADB aid package to Pakistan as the country is increasing its defence expenditure, despite the poor fiscal position.
-
2024 Global Military Spending Hit $2.7 Trillion In Record Surge. Here's Why
Amid changing geopolitical relations, wars and rising tensions, the year 2024 saw the steepest rise in worldwide military expenditure since the end of the Cold War, reaching $2.7 trillion, researchers said Monday.
-
Interim Budget 2024: Defence Budget Pegged At Rs 6.21 Lakh Crore For 2024-25
Interim Budget 2024: In a modest hike, the government on Thursday increased the defence budget to Rs 6.21 lakh crore for 2024-25 from last year's allocation of Rs 5.94 lakh crore and announced an ambitious scheme for "deep-tech" technologies
-
Russia Doubles 2023 Defence Expenditure Amid Rising Ukraine War Costs
Russia has doubled its 2023 defence spending target to more than $100 billion - a third of all public expenditure - a government document reviewed showed, as the costs of the war in Ukraine spiral and place growing strain on Moscow's finances.
-
Robust Defence Finance System Backbone Of Strong Military: Rajnath Singh
Defence Minister Rajnath Singh on Wednesday batted for a foolproof system of internal and external audit for defence expenditure and called for devising innovative ways to maximise the value of money spent on India's security needs.
-
Defence Procurement From Foreign Sources Reducing: Centre
The expenditure on defence procurement from foreign sources has reduced from 46 per cent of the overall expenditure in 2018-19 to 36.7 per cent as per data till December last, according to government data.
-
In 2022-2023, Defence Expenditure Was 14.08% Of Expenses: Centre
In 2022-23, the defence expenditure was 14.08 per cent of the central government expenses, Parliament was informed on Monday.
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Russia To Spend $600 Billion On Defence And Security By 2025: Report
Russia is planning to spend a total of 34 trillion roubles ($600 billion) on national defence, security and law enforcement between 2022 and 2025 under its latest expenditure plan, a source familiar with finance ministry calculations told Reuters.
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Capital Expenditure Percentage On Import By Armed Forces On Decline: Centre
The percentage of capital expenditure incurred by the armed forces for the import of equipment and military hardware witnessed a steady decline in the last three years, data provided by the government in Lok Sabha on Friday showed.
-
India's Military Spending 3rd Highest In World: Report
World military expenditure reached an all-time high of USD 2.1 trillion in 2021, the Stockholm International Peace Research Institute (SIPRI) said on Monday, adding that the top three largest spenders were the United States, China and India.
-
Budget Gives 19% More Buying Power To Defence Forces, Highest In 15 Years
The Union Budget made a 19 per cent higher allocation for the country's armed forces to buy new weaponry compared to last year and the highest in the last 15 years. The Union Budget presented by Finance Minister Nirmala Sitharaman today pegged the defence budget at Rs 4.78 lakh crore, which includes a capital expenditure budget of Rs 1.35 lakh cror...
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Union Budget 2021: Increase In Healthcare, Defence Expenditure Non-Negotiable: P Chidambaram
Ahead of the keenly awaited Union Budget 2021, senior Congress leader and former Finance Minister P Chidambaram on Monday asked the people of the country to watch out for an increase in healthcare and defence expenditure.
-
GC Murmu Is J&K's First Lieutenant Governor, Satya Pal Malik Moved To Goa
Jammu and Kashmir Governor Satya Pal Malik, who presided over India's northernmost state as it witnessed some of its most historical changes in recent memory, has been transferred. Girish Chandra Murmu, the Union Expenditure Secretary, will take over as the first Lieutenant-Governor of Jammu and Kashmir. Former Defence Secretary Radha Krishna Mathu...
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"One Of The Most Opaque": P Chidambaram On Nirmala Sitharaman's Budget Speech
The budget speech by Union minister Nirmala Sitharaman is one of the "most opaque ever" former finance minister P Chidambaram said, pointing out that it leaves out all crucial information regarding the government's expenditure, revenue, fiscal deficit, and even the allocation for the defence sector.
