Abstract
Welfare versus warfare is an ongoing discourse between conservatives favouring military expenditures and the others advocating for the welfare spending. In Pakistan, this debate is highly politicised as some people portray that defence budget takes the bulk of federal budget and it is draining the social budget of Pakistan. However, such arguments are mostly vague and sweeping due to inexact inferences derived from wrong hypothesis and inaccurate or incomplete data. This paper tackles these myths logically and scientifically using appropriate statistical tools with particular emphasis on the Riff off theory. The study is based on a scrupulous investigation of the realities of military expenditures of selected countries through a Time Series Analysis to ascertain the magnitude of the total military expenditure of Pakistan as compared to other countries. It clarifies the statistical relationship between the social and military budgets with the help of Regression Analysis and Correlation Coefficient. The study reveals many interesting veracities by busting various myths.
Keyword(s)
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