Big shopping for armed forces

11.6 per cent hike in the Defence Budget sees the IAF and Navy get Rs 10,200 crore and Rs 1,965 crore, respectively, to buy aircraft.

The UPA government increased its defence budget by 11.6 per cent largely because the previous year’s allocation of Rs 89,000 crore could not be spent in time.

Defence spending went up to Rs 96,000 crore from the previous year’s budgeted allocation of Rs 89,000 crore. However, documents reveal that what was actually spent was just Rs 86,000 crore. Therefore, in real terms, the increase in the current budget is 11.6 per cent or Rs 10,000 crore.
A sum of Rs 41,000 crore has been allocated for capital expenditure against last year’s budgeted figure of Rs 37,500 crore. This indicates that the Ministry of Defence had spent some, not all, of the capital outlay, as the revised estimates put the expenditure last year at Rs 34,500 crore.

Click for complete article


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: