Mumbai: According to media reports, 3.18 lakh crore rupees were allocated in the Union Budget from Rs 2.98 lakh crore for the year 2019-20.
Out of the total allocation, Rs 1,08,248 crore has been set aside for capital expenditure to purchase new weapons, platforms and military hardware.
Revenue expenditure, which includes expenditure on payment of salaries and maintenance of installations, has been calculated at Rs. 2,10,682 crores against Rs. 1,88,118 crores for 2018-19.
The defence sector’s outlay was almost unchanged, compared to what was allocated in the interim budget on February 1.
According to the Office of Defence Minister Rajnath Singh, the allocation of Rs 3,18,931 is an increase of 7.93 per cent on the budget estimates of Rs 2.95 lakh crore and 6.87 per cent more than the revised estimates for 2018-19.
In the total outlay, separate Rs.1,12,079 crore is not included for the payment of pension.
If allocation for pension is included, the total outlay for defence is Rs 4.31 lakh crore, which is 15.47 per cent of the Central Government’s expenditure for the year 2019-20.