it is very hard to figure out GDP accurately. however it is very easy to figure out government revenue.This figure is not accurate much of the money is returned if it is not spent, but the average is around the same as other countries if you measure it in terms of GDP the defense expenditure is between 2-3% of GDP.
did you differentiate total government revenue and center government revenue?the data is wrong my friend, and i will do it for the present fiscal:
The Gross Tax Receipts are estimated at Rs.7,46,651 crore.
The Non Tax Revenue Receipts are estimated at Rs.1,48,118 crore
total revenue = Rs 8,94769 crore
defence budget = 1,47,000 crore
so as a % of total revenues of the GoI, the defence budget is 16.42%
yes my friend, as a matter of fact state governments have their own revenue model, present a separate budget and all this has nothing to do with that of central govt, which has its own revenue model in place and presents a separate budget. now let me quote it for you, and by the way these are projected figures for the upcoming fiscal (april10-march11):did you differentiate total government revenue and center government revenue?
Totoal government revenue= center government revenue+ local government revenue
as i said defence budget to revenue ratio is 16.42%112. The Gross Tax Receipts are estimated at Rs.7,46,651 crore. The Non Tax Revenue Receipts are estimated at Rs.1,48,118 crore. The net tax revenue to the Centre as well as the expenditure provisions in 2010-11 have been estimated with reference to the recommendations of the Thirteenth Finance Commission.
113. The total expenditure proposed in the Budget Estimates for 2010-11 is Rs.11,08,749 crore, which is an increase of 8.6 per cent over the total expenditure in BE 2009-10.
Most weapons of PLA are home-made and purchased with RMB. Due to the serious undervalue of RMB, CHina's defence expenditure has much more Purchase power than its exchange rate shows.Global military spending soars despite crisis: report
Stockholm: Global military expenditures soared to a record high last year, unscathed by the economic downturn, with the United States accounting for more than half of increase, a think tank said Wednesday.
In 2009, 1,531 billion dollars (1,244 billion euros) were spent worldwide in the military sector, a 5.9 percent rise from 2008 and a 49 percent jump from 2000, the Stockholm International Peace Research Institute (SIPRI) said in its report.
"Many countries were increasing public spending generally in 2009, as a way of boosting demand to combat the recession," explained Sam Perlo-Freeman, the head of SIPRI's military expenditure project.
"Although military spending wasn't usually a major part of the economic stimulus packages, it wasn't cut either," he said in a statement.
The institute said 65 percent of countries for which data was available had hiked their military spending last year.
The United States remains by far the top military spender, dishing out 661 billion dollars to the industry in 2009, or a whopping 43 percent of the total global military expenditure.
Washington thus paid 47 billion dollars more than a year earlier and accounted for 54 percent of the global increase, SIPRI said.
China is believed to be the world's second largest military spender, the institute said, adding that while it did not have access to the official figures from Beijing it estimated the country had spent around 100 billion dollars in the sector last year.
With its 63.9 billion dollars in military expenditures last year, France came in third place, SIPRI said.
"The figures also demonstrate that for major or intermediate powers such as the US, China, Russia, India and Brazil, military spending represents a long-term strategic choice which they are willing to make even in hard economic times," Perlo-Freeman said.
A portion of the 2009 military spending hike can be attributed to a sharp increase in so-called peacekeeping operations, especially in Afghanistan, which also reached record levels last year.
In all, 54 peacekeeping missions took place around the globe in 2009, costing a record total of 9.1 billion dollars, SIPRI said.
In terms of deployed personnel, last year was also record-breaking, the institute said: 219,278 people, 89 percent of whom were military personnel, were deployed, up 16 percent from 2008.
"The increase was due to troop reinforcement for existing peace operations, most significantly for the NATO-led International Security Assistance Force (ISAF) in Afghanistan," the report said.
The United States last year "more than doubled its troop levels in Afghanistan and annual US spending in Afghanistan now exceeds that in Iraq," SIPRI said, pointing out that 65 billion dollars had been proposed for Afghanistan operations in the 2010 budget request, while 61 billion had been set aside for Iraq.
Most of the military spending in Afghanistan had gone towards "counter-terrorism, counter-narcotics and the strengthening of the Afghan security forces," the institute said.
The institute however voiced some optimism that the military operations in Afghanistan could soon end, pointing out that "the international community is clearly weary of the struggle."
"Two NATO members have already unilaterally decided to pull out (and) there is a tangible and growing sense of 'end game' in and around Afghanistan that is likely to intensify over the next 12 months," it said.
Wednesday's SIPRI report also estimated that there were around 8,100 operational nuclear warheads in the arsenals of the world's eight nuclear-armed states: the United States, Russia, China, Britain, France, India, Pakistan and Israel.
"Of these, almost 2,000 were kept on high alert and capable of being launched in minutes," the report said.
Really? Because I don't see China buying very much. J-10 production was halted last year waiting on deliveries of Russian engines. J-11B production is suspended indefinitely until WS-10A operates safely. No new AWACs. No new IL-76s. No attack helicopters. No DDGs or LPDs have been built in several years. Haven't seen any hull being laid down for an aircraft carrier. No SSBNs or SSNs in several years. Yuan SSKs seem to be stuck in development. The best tank is hardly being built. See a whole bunch of equipment at the parade but only a handful of regiments have been requipped. For all that money you supposedly spend you aren't getting very much for it.Most weapons of PLA are home-made and purchased with RMB. Due to the serious undervalue of RMB, CHina's defence expenditure has much more Purchase power than its exchange rate shows.
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