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 crore. Out of this Rs. 3,18,931.22 crore has been earmarked for Defence (excluding Defence Pension). For Defence Pension, an amount of Rs. 1,12,079.57 crore 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 2019-20.
The allocation of Rs. 3,18,931.22 crore represents a growth of 7.93% over Budget Estimates (2,95,511.41 crore) and 6.87% over Revised Estimates (Rs. 2,98,418.72 crore), respectively for the financial year 2018-19.
Out of Rs. 3,18,931.22 crore allocated for the financial year 2019-20, Rs. 2,10,682.42 crore for Revenue (Net) expenditure and Rs. 1,08,248.80 crore for Capital expenditure for the Defence Services and the Organisations/Departments under the Ministry of Defence. The amount of Rs. 1,08,248.80 crore allocated for Capital expenditure, includes modernisation related expenditure. The Capital Allocation of the Ministry of Defence under BE 2019-20 is 32.19% of the total Central Government Capital Expenditure, which is Rs. 3,36,293.00 crore.
The entire contents of this article are solely for information purpose and have been prepared on the basis of relevant provisions and as per the information existing at the time of the preparation by the Author. Compliance Calendar LLP and the Author of this Article do not constitute any sort of professional advice or a formal recommendation. The author has undertaken utmost care to disseminate the true and correct view and doesn’t accept liability for any errors or omissions. You are kindly requested to verify and confirm the updates from the genuine sources before acting on any of the information’s provided hereinabove. Compliance Calendar LLP shall not be responsible for any loss or damage in any circumstances whatsoever.