皇冠体育app

NPC proposes $30 bln military spending for 2005
(Xinhua)
Updated: 2005-03-04 15:01

The State Council, 皇冠体育app's cabinet, has proposed the country's top legislature, the National People's Congress (NPC), to approve a 247.7 billion yuan (29.8 billion US dollars) national defense budget for the year 2005, a spokesman said Friday.

"This is still a fairly small amount compared with (the military spending) of other major countries in the world, in terms of its proportion to 皇冠体育app's total financial expenditures and gross national product," said Jiang Enzhu, spokesman of the upcoming third annual session of the 10th NPC, slated to begin on March 5, at a press conference Friday morning.

The budgeted money will be mainly used for the raise of paymentand social security guarantee for the servicemen, the arrangement of officers and soldiers discharged in 皇冠体育app's latest move to cut its troops by 200,000, and the military's armament upgrading to promote the modernization of 皇冠体育app's national defense, Jiang said.

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