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Despite Economic Headwinds, Security Budgets Increasing More Than In 2022

The natural assumption during or even anticipating some form of a market correction is that costs will be reined in or constrained including technology expenditures

Sunak Increases Defence Spending In An Attempt To Silence Critics

BW Online Bureau

Economy

Sunak will set out an “ambition” to increase defence spending to 2.5 per cent of GDP in the long term while his government unveils an update to Britain's national security and international policy during a visit to the United States

China Sets GDP Target At 5%, Defence Budget Up By 7.2%

BW Online Bureau

World

In the government work report, Li Keqiang called it essential to prioritise economic stability and pursue progress while ensuring stability

In 2022-23, Defence Spending Accounted For 14.08% Of Total Government Spending

BW Online Bureau

Economy

According to the data provided by the government, the defence expenditure was 5,55,484 crore, while the central government expenditure was 39,44,909 crore for the fiscal year 2022-23

EU's Defence Stockpiles Are “Almost Empty” Amid Russian Threat: Official

BW Online Bureau

Economy

According to the EDA report, EU countries will spend a total of USD 226 billion on defence in 2021, surpassing the USD 211 billion mark for the first time after a 6 per cent year-on-year increase

Pakistan Hikes Defence Budget By Over 11%; Allocates Rs 1,523 Bn

BW Online Bureau

World

This year's defence allocation of Rs 1,523 is 11.16 per cent higher than last year's allocation of Rs 1,370 billion

China Hikes Defence Budget By 7.1% To $230 Bn

BW Online Bureau

World

In his work report presented to China's Parliament, Chinese Premier Li called for deepening comprehensive combat readiness from the People's Liberation Army (PLA)

Defence Budget 2022 Puts Spotlight On R&D in Defence; Reserves 68% of Capital Budget For Domestic Industry

Manish Kumar Jha

Economy Policy Defence

In the Union Budget 2022-23 on Tuesday, a total of Rs 5.25 lakh crores has been allocated to the Defence Ministry and the Services this year. Overall, the budgetary allocation is increased by Rs 47,000 crores from last year's allocation of Rs 4.78 lakh crores which is around 10% compared to the last year. While the announcement to reserve 68% of the capital procurement budget for domestic industry is towards indigenization, the finer aspect of the budget is the focus on R&D.

Rs 20,000 Cr Hike In Modernisation Budget A 'Huge Step' By Govt, Will Meet Our Requirements: IAF Chief

Raj Kantak

National

The additional Rs 20,776 crore has been spent on buying weapons and other spares under the special financial powers given to services under emergency and other provisions.

A Marginal Increase In Defense Budget Reels Under 9.5% Fiscal Imbalance In The Budget 2021

Manish Kumar Jha

Economy Policy Defence

Defence Budget increased from Rs 4,71,000 crores to Rs 4,78,000 crores. Pension bill reduced from Rs 1,33,000 crores to Rs 1,15,000 crores. Marginal increase in Capital budget at Rs 1,35,060 crores from Rs 1,13,000 last FY. Fiscal burden at 9.5 % is dampening impact on the overall budget including defence.

The Number of Suicide Cases Has Come Down; Incorrect USI Report — Army Chief Gen Naravane

Manish Kumar Jha

Economy Policy Defence

Chief of Army Staff Gen MM Naravane said he was hopeful that through dialogue under the established mechanism, India and China will be able to reach an agreement to resolve the eastern Ladakh standoff. But he also emphatically maintained that such an agreement for disengagement and de-escalation must be based on an approach of mutual and equal security. Chief rebuked the recent report by a Think tank, citing insufficient sample base of findings among the world's largest 13 lakh strong Indian Army. He also refers to incorrect data in the report 'soldiers under pressure’.