Chinas military expense budget increased by 7.2% this year

China's military expenditure budget this year was 1553.7 billion yuan (about S $ 30.25 million), an increase of 7.2%year -on -year, an increase of 0.1 percentage points from last year.This is the third consecutive year that China has risen slightly since 2021.

The Ministry of Finance of China today (March 5) The government budget draft report released at the National People's Congress disclosed the above information.

After the outbreak of China, the budget of military expenses increased to 6.6%in 2020, the lowest point of 32 years. This number has gradually increased slightly in the past two years.The increase in military expenses in 2021 increased to 6.8%to 1355.343 billion yuan; the military expense budget in 2022 was 1450.45 billion, an increase of 7.1%year -on -year, the first time China ’s military expenditure budget increased by 7%since 2019.