The military budget of the People's Republic of China (PRC) is the portion of the overall budget of China that is allocated for the funding of the military of the People's Republic of China. This military budget finances employee salaries and training costs, the maintenance of equipment and facilities, support of new or ongoing operations, and development and procurement of new weapons, equipment, and vehicles. Every March, as part of its annual state budget, China releases a single overall figure for national military expenditures.
The Chinese government's published 2012 military budget is about US$106.4 billion, the second largest in the world and up about 11.2% from 2011.
Read more about Military Budget Of The People's Republic Of China: Unofficial Estimates, Comparison With Other Countries
Famous quotes containing the words military, budget, people, republic and/or china:
“[I]t is a civil Cowardice to be backward in asserting what you ought to expect, as it is a military Fear to be slow in attacking when it is your Duty.”
—Richard Steele (1672–1729)
“The United States is the only great nation whose government is operated without a budget. The fact is to be the more striking when it is considered that budgets and budget procedures are the outgrowth of democratic doctrines and have an important part in developing the modern constitutional rights.... The constitutional purpose of a budget is to make government responsive to public opinion and responsible for its acts.”
—William Howard Taft (1857–1930)
“Many old people receive pensions for no other reason, it seems to me, but as a compensation for having lived a long time ago.”
—Henry David Thoreau (1817–1862)
“It is the manners and spirit of a people which preserves a republic in vigour. A degeneracy in these is a canker which soon eats to the heart of its laws and constitution.”
—Thomas Jefferson (1743–1826)
“Consider the China pride and stagnant self-complacency of mankind. This generation inclines a little to congratulate itself on being the last of an illustrious line; and in Boston and London and Paris and Rome, thinking of its long descent, it speaks of its progress in art and science and literature with satisfaction.... It is the good Adam contemplating his own virtue.”
—Henry David Thoreau (1817–1862)