China to raise 2016 defence budget by 7-8 percent | Current Affairs, Current Affairs 2017

China to raise 2016 defence budget by 7-8 percent

Posted by

China to raise 2016 defence budget by 7-8 percentChina is set to raise its defence budget by around 7 to 8 percent this year, an official said .

At a press conference a day ahead of the National People’s Congress annual session, spokesperson Fu Ying said the increase is in line with China’s national defence need and fiscal revenue, Xinhua news agency reported.

The exact figure will be released in a budget report.

China’s defence budget rose by 10.1 percent last year.

Leave a Reply

Your email address will not be published. Required fields are marked *

*