Rest are pension and salaries. Counties should not spend more than 2% of GDP and 15% of their total taxes on defense. Somewhere i read, India spends just 1.6% of GDP on defence. If you can find the answer, you will understand what we gain from spending on military. @Brothers, are you sure its 18%? @referee , According to the report, India's military spending, which rose by 3.1pc between 2017-18, was "largely motivated by tensions and rivalry with Pakistan and China". Unfortunately, Pakistan GDP is going through its worst time and comparing military spending with current GDP is higher. Yes, we do spend a higher percent of our GDP on defence than the global average. Oh, what a calamity. Like Pakistan's hidden cash economy, the military burden of the country is also largely hidden, it is at least five times what is reported, since the military controls almost half the formal economy and possibly 75% of the informal one. "Despite the increase from last year, India's military burden was the lowest since the 1960s and made up for 2.4pc of its GDP." Canada. @Concerned, - IMF loan is to be used primarily for servicing existing loans... @Brothers, Pakistan spends 4% of GDP on defence and not 18% as you have written. This first list is a list of countries by military expenditure share of GDP—more specifically, a … Despite the increase from last year, India's military burden was the lowest since the 1960s and made up for 2.4pc of its GDP. I think both countries should concentrate on making life better for their poor don’t you? Enough said!!!! 700 billion dollars = 700 billion pieces of paper. Pakistan should spend more. There is a reason officers in Pakistan are rich. I wonder how it "sums it up all"? Ab, kya hoga Kaliya? The defence budget has increased by 11.9% in the fiscal year 2020-21. The global average is 2.18 percent. If you can do something, we can do that too? India and Pakistan also need to stop spending large amount of money in defense. @Prateik, They way you are increasing your population (20 million every year) or the way Modi promised to provide 12 million jobs every year to your hundred of millions of poor people. @Ghazanfar Ali, Country needs it with all hostile neighbors. @Ghazanfar Ali, indigenous fighter planes? The top military spender in the world is the United States, which spent $649bn on its forces last year. @Brothers, Cannot tell the difference between GDP and percentage of annual budget? According to the report, India's military spending, which rose by 3.1pc between 2017-18, was "largely motivated by tensions and rivalry with Pakistan and China". A poor country like Pakistan, should focus on education and health of public rather than earmarking huge budget for forces.
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