... Defence expenditure 664.5 (3.2) 822 (3.8) 819.7 (3.1) Development Expenditure 261.5 (1.3) 449.8 (2.1) 939.2 (3.5) Fixed investment (2.8) (4.7) (9.3) Growth Rate of GDP 2.5% 2.7% 2.4% In the first few years after the partition, defence spending was equal to 85 percent of Central Government's revenues. In the first half of the 1950s, defence expenditures exceeded development spending by a wide margin. With inadequate allocation of 2.1% for development as against 3.8% for ... .7) Growth 1.7% 3.4% 4.1% 5.3% 4.0% The high and rising burden of defence expenditure was a root cause of the fiscal...

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