Pakistan; New defense budget announced
| News - Asia |
Pakistan’s new defense budget increases funding for the Army and Air Force and slightly decreases it for the Navy, but challenging economic conditions put near-term procurements in doubt.
The fiscal 2012-2013 defense budget, in current U.S. dollars, allocates $2.8 billion to the Army, an increase of $128 million; $1.2 billion for the Air Force, an increase of $64 million; and $562 million to the Navy, a $1.4 million decrease from the previous year.![]()
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