Pakistan govt gave military Rs 687 billion over annual budgets

[Ayush]

good for the pak military,bad for the tax payers

 

[Bobby]

I think Pakistan's reserve is going to become zero in 1-2 months.....and nobody bothers....wow

 

[Cyberian]

Salaam to all the Muslims,



Acha, so that's where all the money disappeared to. Pakistani Government bechari karzay leh leh kay, gaallan surn surn kay mar gi hai.

Salaam to all the Muslims.

 

[Capt.Popeye]

good for the pak military,bad for the tax payers

Not too many tax-payers there anyway; so it will not hurt many people.
At least its good for somebody!

 

[EAK]

good for the pak military,bad for the tax payers

bad for endia too... dro mat sach bolo sach

I think Pakistan's reserve is going to become zero in 1-2 months.....and nobody bothers....wow

And who is worried for us ...The prize goes to the ''ENDIANS''

 

[Koovie]

Pakistan govt gave military Rs 687 billion over annual budgets


ISLAMABAD: Pakistan's outgoing government has acknowledged that it provided grants of Rs 687 billion to the powerful military for security-related spending that were in addition to the annual defence budgets.

An annual grant of about Rs 200 billion was kept under wraps for years by the government led by the Pakistan People's Party.

The release of the grants was acknowledged in the budget strategy paper - a document that covers this fiscal's revised budget estimates and projections for the next three years, The Express Tribune reported today.

The burden of the annual grant is likely to be passed on to taxpayers from next year, the report said.

The PPP-led coalition government conceded it was paying the grant for security-related spending, which was earlier largely financed from payments made by the US through its Coalition Support Fund.

The government had never formally admitted the release of the grant in the past though the matter was reported by the media.

The US suspended payments from its Coalition Support Fund after ties hit a low in the wake of the killing of two Pakistani men by American security contractor Raymond Davis in 2011.

Ties were further hit by the unilateral US military raid that killed Osama bin Laden in Abbottabad the same year though payments from the CSF resumed this year.

The budget strategy paper stated that from 2009 to the current fiscal year, a total grant of Rs 687 billion was provided to the armed forces for security-related spending.

The highest payment of Rs 215 billion was made in fiscal 2009-10.

Much of the additional grant was paid out of the reimbursements from the CSF by the US.

During the current fiscal, the US has reimbursed USD 1.9 billion.

For the period between the next fiscal year beginning in July and 2016, authorities have estimated annual security-related expenses of Rs 190 billion.

However, Planning Commission Deputy Chairman Nadeemul Haque suggested that the grant should be added to the regular defence budget once the CSF facility is exhausted.

In his comments on the strategy paper, Haque wrote that "security-related spending Has gone up from Rs 122 billion in fiscal year 2012 to Rs 185 billion and then remained stagnant at Rs 190 billion for the next three years".

He said the amount was consistent with reimbursements from the CSF, which will end in fiscal year 2014.

However, it was not clear whether the Finance Ministry would add the security-related spending in the regular defence budget or keep financing it as a separate item.


Pakistan govt gave military Rs 687 billion over annual budgets - The Economic Times

Dude, inner stability is perhaps the MOST important factor to build up a proper economy. And with the Taliban rampaging in the country its necessary to fight them with all they have.


First security, then development. Its not possible to do it the other way round!

 

[Xracer]

The 8 billion was over a period of four years. 2009 to 2012 so that's about 2 billion every year over an above the normal allocation.

No its 10 Billion a Year

 

[illusion8]

No its 10 Billion a Year

An annual grant of about Rs 200 billion was kept under wraps for years by the government led by the Pakistan People's Party.

The budget strategy paper stated that from 2009 to the current fiscal year, a total grant of Rs 687 billion was provided to the armed forces for security-related spending.

PKR. 200 Billion a year doesn't make it 10 Billion USD...does it?

 

[Bobby]

bad for endia too... dro mat sach bolo sach



And who is worried for us ...The prize goes to the ''ENDIANS''

Who told you I am worried for you......I am just surprised ............India has $200 reserve and I am worried.....you got $0 reserve and you are not worried......

 

[danger007]

bad for endia too... dro mat sach bolo sach



And who is worried for us ...The prize goes to the ''ENDIANS''

lol really? we don't need to match ********....

 

[Xracer]

PKR. 200 Billion a year doesn't make it 10 Billion USD...does it?

You dont Know the Real Defence Budget

 

[illusion8]

You dont Know the Real Defence Budget

We are not talking of the defense budget - this article is about the funds issued to the PA over and above the sanctioned defense budget, which happens to be 687 billion PKR over a 4 year period from 2009 to 12.

 

[Dr. Strangelove]

over defence budget is stuck at same level since 2008 thanks to the value of rupeee