DEFENCE BUDGET 2019-20
Union Budget for the financial year 2019-20 presented by the Finance Minister in the Parliament today. envisaged a total outlay of Rs. 27.84.200 Cr, Out of this Rs. 3.18,931.22 Cr. has been earmarked for Defence (excluding Defence Pension). For Defence Pension, an amount of Rs 1.12,079.57 Cr. has been provided in BE 2019-20. Total Defence Allocation, including Defence Pension, accounts for 15.48% of the total Central Government expenditure for the year 2019-2020.
The allocation of Rs. 3,18,931.22 Cr. represents a growth of 7.93% over Budget Estimates (2,95,511.41 Cr.) and 6.87 % over Revised Estimates (Rs. 2,98.418.72 Cr.), respectively for the financial year 2018-19.
Out of Rs. 3,18,931.22 Cr. allocated for the financial year 2019-20. Rs. 2,10,682.42 Cr. for Revenue (Net) expenditure and Rs.1,08,248.80 Cr. for Capital expenditure for the Defence Services and the Organizations/Departments under Ministry of Defence. The amount of Rs. 1,08,248.80 Cr. allocated for Capital expenditure, includes modernization related expenditure. The Capital Allocation of Ministry of Defence under BE 2019-20 is 32.19 % of the total Central Government Capital Expenditure, which is Rs. 3,36,293.00 Cr.