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China's defense budget maintains single-digit growth for six consecutive years

2021-3-6 17:13

 

BEIJING, March 5 (Xinhua) -- China's annual defense budget will maintain single-digit growth for a sixth consecutive year by increasing 6.8 percent in 2021, according to a draft budget report made public on Friday.

This year's planned defense spending will be about 1.35 trillion yuan (about 209 billion U.S. dollars), read the draft submitted to the fourth session of the 13th National People's Congress for deliberation.

China's defense budget is about one quarter of the U.S. figure, which is 740.5 billion U.S. dollars for the 2021 fiscal year.

As the world' second largest economy and the most populous country, China's planned defense spending per capita in 2021 will be less than 1,000 yuan.

China applies strict mechanisms of fiscal allocation and budget management on its defense expenditure, which is mainly assigned to personnel, training and sustainment, and equipment.

China has voluntarily cut its armed forces by over 4 million troops since 1978, according to a white paper released in 2019.

 

北京,3月5日(新华社)——根据周五公布的一份预算草案,到2021年,中国年度国防预算将连续第六年保持个位数增长,增长6.8%。


今年的国防开支计划将约为1.35万亿元(约2090亿美元),该草案已提交第十三届全国人民代表大会第四次会议审议。


中国的国防预算大约是美国的四分之一,美国2021财年的国防预算为7405亿美元。


作为世界第二大经济体和人口最多的国家,中国2021年的人均国防预算将不足1000元。


中国国防费实行严格的财政拨款和预算管理机制,主要用于人员、训练和保障、装备等方面。


根据2019年发布的一份白皮书,自1978年以来,中国已经自愿裁减了400多万军队。

 

来自: xinhua