Indian Defense Budget 2019-2020
India is likely to stick to a modest rise in defence spending in the 2019/2020 budget due on Friday because of tight government finances, officials said, further delaying a long-planned military modernisation programme.
India’s air force desperately needs hundreds of combat planes and helicopters to replace its Soviet-era aircraft while the navy has long planned for a dozen submarines to counter the expanding presence of the Chinese navy in the Indian Ocean.
In a significant move, import of defence equipment not manufactured in India has been exempted from basic customs duty by Finance Minister Nirmala Sitharaman.
She said defence has an immediate requirement of modernisation and it is a “national priority”.
In an interim budget announced in February before national elections, the government allocated Rs 4.31 lakh crore ($62.27 billion) for defence, a 6.6 percent rise over the previous year, raising concern at the time it wouldn’t be enough for modernisation.
Defense Budget of Pakistan 2019-2020
Defence budget is proposed to grow nominally in the next financial year by 4.74 per cent as compared to the outgoing year, but its share in the total outlay and the gross domestic product (GDP) is set to decline, according to the budget documents laid before the National Assembly on Tuesday.
The government has proposed to allocate Rs1.15 trillion (US$7.29 Billion) for ‘Defence Affairs and Services’ for 2019-20 as compared to the original allocation of Rs 1.1tr for the outgoing year. The actual expenditure incurred during the outgoing year slightly overshot the budgeted amount by nearly 3.4pc and remained at Rs 1.137tr, as per the revised figures for defence budget for 2018-19. The new allocation is almost flat when compared with the revised figures.
The army traditionally had the lion’s share in defence budget. This year the allocation for the army would remain static at Rs523bn. It still accounts for 45.4pc of the total defence allocation. The budget of the Pakistan Air Force (PAF), meanwhile, would increase by 9.64pc. Over 22pc of the defence allocation would go to the air force. The Navy’s share would expand by 9.6pc. Its share in the defence pie is 11.3pc. The defence establishment/inter-services institutions are getting 8.78pc hike in their budget. They account for 21pc of the remaining defence allocation.
Defense Budget of Bangladesh 2019-2020
Bangladesh Armed forces received US$3.87 Billion dollar allocation for Defending the nation from the enemy. The defense budget is 8.3% of total national budget. The size of Bangladesh GDP was US$ 72 billion in FY2005-06, which has now increased 4.5 times to US$ 302.4 billion. The size of the proposed budget for FY2019-20 is US$ 62.28 Billion Dollar.
Defense Budget of Myanmar 2019-2020
The Defense Ministry on Monday requested more than 3.37 trillion kyats (US$2.22 billion) for fiscal year 2019-20, which begins Oct. 1.
The amount is more than 100 billion kyats more than the ministry requested for the previous fiscal year.
Major-General Myint Nwe, deputy minister of defense, told Parliament on Monday that this year’s defense budget request represents an increase of 122.41 billion kyats over last year’s actual budget of 3.24 trillion kyats.
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