Defence 2019 Budget LIVE
Also known as the Military Budget, it is the amount of financial resources allocated by a government for raising and maintaining its armed forces and its personnel or other methods essential for defence purposes. The size of the Defence Budget also reflects the country's ability to fund military activities. Though no country dares to ignore major budgetary allocation for its defence forces, there are two aspects for this too. Some suggest that military expenditure is a boost to local economies besides safety against external aggression. However, another argument that comes up against the allocation is that maintaining military expenditure is a drag on the country's development.
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