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China maintains defence budget growth despite economic travails
Updated : 2 years, 2 months ago IST
Indeed, according to figures released on the opening day of the Second Annual Session of this formal gathering of China's political leaders, the 2024 defense budget will rise 7.2 per cent to Chinese Yuan (CNY) 1.66554 trillion, which equates to USD 231.4 billion.
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Japan Cabinet approves 2023 draft budget at USD 862 billion with record de
Updated : 3 years, 5 months ago IST
The growth of the defence budget is connected with the government's decision to ensure an increase in defence spending to 2 per cent of the country's gross domestic product by 2027, which is approximately 11 trillion yen per year.
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