June 13, 2004 ☼ Foreign Affairs
This is an archived blog post from The Acorn.
Pakistan’s Finance Minister Shaukat Aziz increased defence expenditure for the coming year by 7% to a record 194 billion Pakistani rupees [Thanks Sudhir, for pointing out the typo]. Even if the increase in real terms is just over 3%, overt defence expenditure constitutes 21.5% of the government’s budget. One dollar out of every five is spent on the armed forces, not necessarily on defence.
Like the case of the Soviets, such military profligacy will prove to be unsustainable.
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