Pakistan Friday, June 1, 2012, increased by nearly 10 percent the allocation for defense in its budget for fiscal 2012-13 (from July 2012 to June 2013) to 545 billion rupees (5.82 billion U.S. dollars). The budget documents presented in parliament showed a sum of 545 billion rupees had been allocated for the defense services, compared with 495 billion rupees earmarked in the fiscal year ending on June 30.
The budget documents further stated that the actual expenditure on defense during fiscal 2011-12 was 509.32 billion rupees (5.45 billion U.S. dollars), or 14.32 billion rupees more than the allocation of 495 billion rupees.
The allocation for defense amounted to 18.4 percent of the total outlay of 2,960 billion rupees for fiscal 2012-13.
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