Defence Budget for 2019-20 sees growth of 6.87 % over RE for 2018-19

Speed Post News Network

New Delhi : Union Budget for the financial year 2019-20 presented by the Finance Minister Piyush Goyal in the Parliament on February 1, 2019, 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 is 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, according to a PIB release.