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Govt decides to increase defence budget by 15.5 percent for the upcoming financial year.

ISLAMABAD, 31 May, 2009 (Frontier Star) -- Government has decided to increase by 15.5 percent the defence budget for the upcoming financial year 2009-10 as Rs 342 billion have been earmarked for defence budget. Finance ministry sources told Online, salary of armed forces personnel was likely to be increased by 20 percent. As per budget documents for the year 2008-9, defence budget was allocated to the tune of Rs 296 billion. Defence budget was increased from Rs 275 billion to Rs 296 billion. With the raise of 15.5 percent, overall defence expenses will be increased amounting to Rs 46 billion in budget volume. In the budget for the next fiscal 20 percent increase is likely to be made in the salaries and pension of army personnel. . Overall operational expenses would be enhanced due to operation Rah-e-Rast. Decision to increase or decrease in physical assets in budget will be taken in consultation with army. However shifting of General Head Quarters (GHQ) will remain deferred during the current financial year as this decision was taken voluntarily by army chief in the last year due to grim economic situation of the country. The budgetary allocations for civil work and defence management are likely to increase. When contacted, sources of armed forces told Online operational expenses of the army had increased manifold due to ongoing war against terrorism and militancy. We are well aware of economic woes of the government but presently survival of Pakistan is dearer than our life and success of ongoing operation is must. Therefore operational expenses would have to be increased in this perspective, sources added.

(THROUGH ASIA PULSE)
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Publication:The Frontier Star (Northwest Frontier Province, Pakistan)
Date:May 31, 2009
Words:270
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