Remember last year was also a growth of 72%, maintaining a growth rate for nine consecutive years, indicating that China's investment in military spending is relatively stable and pragmatic.
However, yesterday a reporter asked a question, which is also a question of interest to Western countries--- and the "very high" cost of China.
Whether the cost of the medium is high or not can be known by comparing it with other major countries.
Because the 2024 military budget data of many countries has not yet come out, let's compare it with 2023.
Let's start with China.
China's defense budget for 2023 is 1,553.7 billion yuan, a year-on-year increase of 72% and 1 percent of GDP3%。
This is also the third consecutive year of growth in China's defense budget since 2021. But this time there are two "slightly higher" increases in military spending, one is slightly higher than 71% of last year's budget, and the other is just over 5% of GDP growth projections.
However, it is slightly higher than last year's one, which is 01%, which is not as much as last year when converted into dollars.
Look at the United States again,The defense budget for 2023 is $857.9 billion, an increase of 1393%, accounting for 35％。
In terms of scale, this is the annual increase in the U.S. budget since 2015, and in terms of growth rate, 13The 93% growth rate is the highest growth rate in 19 years.
But China's GDP in 2022 is 12102 trillion yuan, 155 trillion yuan accounts for 1 percent of GDP28%；That is, China's defense budget is only 26 of that of the United States2%, which is less than half of the GDP of the United States (China 128%, 35％）。
In 2022, China's military budget was $229 billion at the exchange rate at the time, and the U.S. defense budget in 2022 reached $753 billion, when China's defense budget accounted for 30 percent of the United StatesAbout 4%, that is, the gap between China's defense budget and the United States has further widened, both in absolute terms and in terms of growth rate.
Look at other countries
Military spending is growing the fastestRussia
Russia's military budget in 2023 reached 97 trillion rubles, more than 100 billion US dollars, an increase of 50% year-on-year, accounting for half of Russia's total fiscal spending.
But because it is still at war with Ukraine, it is not a reference.
India,The defense budget for fiscal year 2023 has increased from 22 to 5Rs 25 trillion grew to 5At 94 trillion rupees (about 73 billion US dollars), an increase of 13, it ranks third in the world, behind the United States and China, and the defense budget is 2 percent of GDP17%。
Japan,The company aims to increase defense spending to 43 trillion yen ($332 billion) over the five years from 2023 to 2027, eventually increasing defense spending to 2% of GDP.
South Korea,Defense Budget Proposal for 2023 571 trillion won (about $42.5 billion), up from 54.5 billion in 20226 trillion won (about 40.6 billion US dollars), an increase of 46%。
This is the increase in total spending in South Korea from 8 in 20229% to 5 in 20232% of the cases are made, and it shows that the military spending is very strong.
United Kingdom,Despite the ongoing cuts** due to the economic crisis, the defence budget has not been affected, from £48.6 billion in 2022 (about £571 at the time).US$800 million) to £50 billion (US$60 billion) in the 2023 financial year, and the share of GDP has remained above 2%.
France,The defense budget for 2023 is 43.9 billion euros (about $42.8 billion), an increase of 7 percent from 20224%。It also intends to raise the defense budget from 2024 to 2030 to 413 billion euros, a one-third increase from the previous seven-year cycle.
Germany,In 2023, defense spending will be 50.1 billion euros (about 55.4 billion US dollars), and a total of 100 billion euros will be set up to upgrade the level of equipment and modernization.
Even Taiwan Province of our country,Military spending in fiscal year 2023 reached NT$586.3 billion (about US$19.5 billion), an increase of 13 percent from 20229%, a 15-year high.
Therefore, although China's defense budget is the second in the world, it is less than one-third of the United States, and the proportion of GDP is not even comparable to South Korea.
In fact, since the outbreak of the Russian-Ukrainian conflict, almost all countries in the world have been rapidly increasing their military spending, many of which have reached double digits, and global military spending has reached 1$9 trillion, an increase of more than 2 percent from the previous year6%。
Calculated down, China's defense budget for 2024 is 16655400 million yuan is not high, reasonable and restrained.
At the same time, it is also enough to ensure that the territorial integrity and sacred sovereignty of the motherland will not be violated by other countries!