Pak’s defence budget hike sparks fiscal priorities debate amid cash crunch

Pakistan's 18% defence budget increase to over Rs 2.5 lakh crore amid economic struggles and tensions with India raises concerns about fiscal priorities. Economists fear this move, coupled with costly projects like the Diamer-Bhasha Dam, could jeopardize economic reforms and social spending, especially with a high debt-to-GDP ratio and IMF pressures.

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