Excessive Defense Expenditures & Economic Stabilization: The Case of #pakistan

Defense expenditures are an obvious candidate for expenditure reductions. As noted in the next section, the country's defense burden is one of the heaviest in the world. At around 7 percent (1992) of Gross (GNP), it is more than twice that of India. Moreover, while over recent years global defense expenditures have been declining, Pakistan's has expanded: From 5.4 percent of GNP in 1980, it reached 6.8 percent in 1985.