China's defense spending, slated to rise 11.6 percent this year,
is proportionately lower than that of many nations and the
principle of building the army through frugality should be adhered
to, the military's top budget official said in Beijing
Saturday.
The budgeted military spending of 207.13 billion yuan (US$24.9
billion), submitted to the national legislature on Saturday,
accounts for only around 1.7 percent of China's total GDP volume.
Compared with the world's average level of 3 percent, China's
defense expenditure is still at a fairly low level, said Ding Jiye,
head of finances for the People's liberation Army's General
Logistics Department, in an exclusive interview with Xinhua.
China's military expenditure only makes up 8 percent of the
country's total financial expenditure, still lower than the world's
average level of 15 percent.
The per?soldier military expenditure of the United States
is nearly US$300,000, and the figures in Britain and Japan are
nearly US$200,000, compared with China's US$10,000.
"In general, China's defense expenditure is still at a fairly
low level, compared with the major countries of the world. The
current defense expenditure hardly meets the needs of furthering
military reform and building a technically advanced army," Ding
said.
He noted that the army has scored some achievements in the
reforms in its budget system, procurement system and social
security system, and the principle of building an army through hard
work and frugality should be further adhered to.
(Xinhua News Agency March 7, 2004)