Amidst the Russia-Ukraine war, China is going to drastically increase its defense budget, know the details

Amidst the Russia-Ukraine war, China is going to drastically increase its defense budget, know the details

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Beijing. The effect of the Russo-China war is beginning to be seen all over the world. Now its effect is also being seen on the defense budget of other countries. Now China is also going to increase its defense budget drastically. China on Saturday proposed a 7.1 percent increase in its defense budget to $230 billion. This is $21 billion more than last year’s $209 billion.

State-run China Daily quoted the draft budget presented by Prime Minister Li Keqiang at the National People’s Congress (NPC) on Saturday as saying that the Chinese government has proposed a defense budget of 1.45 trillion (trillion) yuan for the fiscal year 2022. . This is 7.1 percent more than last year.

three times that of India

With this increase, China’s defense budget has tripled compared to India’s defense budget (about $70 billion). Last year, China’s defense budget crossed $ 200 billion. China increased its defense budget by 6.8 percent in FY 2021, taking its total defense budget to $209 billion.

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The Chinese Prime Minister, in the work report presented in Parliament, stressed on “massively strengthening the war preparedness of the People’s Liberation Army (PLA)”. It came amid rising political and military tensions. After America, China is the second largest country in the world in terms of spending on defense budget.

defense budget of india

The total defense budget for this year i.e. 2022-23 is about Rs 5.25 lakh crore. Last year i.e. 2021-22, the total defense budget was Rs 4.78 lakh crore. The total capital-outlay for new weapons, military equipment and other modernization of armies (Army, Air Force and Navy) in this year’s defense budget has been kept at Rs 1.52 lakh crore. This capital outlay is about 12 percent more than last year. Last year the capital expenditure was Rs 1.35 lakh crore.

Tags: China, China Army, China news, India china issue

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