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Sri Lanka Raises 2014 Defense Budget
Sri Lankan government Monday raised defense spending to a record 253 billion rupees
(US $1.95 billion), despite international pressure to scale down the military after ending a decades-long separatist war.
Figures presented in parliament showed the defense ministry getting its highest ever allocation for spending in 2014, marginally higher than the 249 billion rupees budgeted for this year.
There was no immediate comment from the government Monday to the latest defense spending figures, but the authorities in the past have insisted that they need to maintain high spending to ensure that the defeated rebels do not try to regroup.
Defense and police together account for nearly 12 percent of the governments total estimated spending of 2.54 trillion rupees in 2014.
Sri Lankas economy recorded more than 8 percent growth in the first two full years after crushing the rebels, This years expansion is estimated at 7.5 percent by the central bank.
Sri Lanka Raises Defense Budget Despite Foreign Pressure | Defense News | defensenews.com
Sri Lankan government Monday raised defense spending to a record 253 billion rupees
(US $1.95 billion), despite international pressure to scale down the military after ending a decades-long separatist war.
Figures presented in parliament showed the defense ministry getting its highest ever allocation for spending in 2014, marginally higher than the 249 billion rupees budgeted for this year.
There was no immediate comment from the government Monday to the latest defense spending figures, but the authorities in the past have insisted that they need to maintain high spending to ensure that the defeated rebels do not try to regroup.
Defense and police together account for nearly 12 percent of the governments total estimated spending of 2.54 trillion rupees in 2014.
Sri Lankas economy recorded more than 8 percent growth in the first two full years after crushing the rebels, This years expansion is estimated at 7.5 percent by the central bank.
Sri Lanka Raises Defense Budget Despite Foreign Pressure | Defense News | defensenews.com
