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Pakistan Boosts Defence Budget 20% But Slashes Overall Spending
Mint Kolkata
|June 11, 2025
Pakistan will raise defence spending by a steep 20% after a conflict with India last month, but will slash overall federal expenditure for FY26 by a hefty 7% to Pakistan 17.57 trillion ($62 billion).
The budget presented on Tuesday by Prime Minister Shehbaz Sharif's government allocated 2.55 trillion ($9 billion) to defence in July-June 2025-26, up from 2.12 trillion.
It projected a deficit of 3.9% of GDP against the 5.9% targeted for 2024-25. Inflation was projected at 7.5% and growth at 4.2%.
Pakistan wants to kickstart growth while boosting its defences after the worst fighting with its neighbour in nearly three decades—which it has cast as a victory—and meeting the strictures of an International Monetary Fund finance programme.
This story is from the June 11, 2025 edition of Mint Kolkata.
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