Budget 2019: Rs 3.18 lakh crore allocated to defence budget

By: |
Updated: July 5, 2019 7:08:13 PM

Union Budget 2019 India: The outlay for defence sector almost remained unchanged compared to what was allocated in the interim budget on February 1.

budget 2019, budget 2019 india date, defence budget, nirmala sitharaman, tax benefit, budget 2019 india, budget 2019 date july, buget 2019 expectations, budget 2019 pdf, budget 2019 time, budget 2019 news, budget 2019 july, budget 2019 liveBudget 2019-20: The revenue expenditure which includes expenses on payment of salaries and maintenance of establishments has been pegged at Rs 2,10,682 crore as against Rs 1,88,118 crore for 2018-19.

Union Budget 2019 India: An allocation of Rs 3.18 lakh crore was made in the Union Budget to the defence sector for 2019-20 as against last year’s Rs 2.98 lakh crore. Out of the total allocation, Rs 1,08,248 crore has been set aside for capital outlay to purchase new weapons, platforms and military hardware. The revenue expenditure which includes expenses on payment of salaries and maintenance of establishments has been pegged at Rs 2,10,682 crore as against Rs 1,88,118 crore for 2018-19.

Union Budget 2019 LIVE: Petrol costlier, more tax on rich, housing relief to middle class announced by Nirmala Sitharaman; PAN, Aadhaar interchangeable

The outlay for defence sector almost remained unchanged compared to what was allocated in the interim budget on February 1. The allocation of Rs 3,18,931 represents a growth of 7.93 per cent over budget estimates of Rs 2.95 lakh crore and 6.87 per cent over revised estimates Rs 2.98 lakh crore respectively for 2018-19, according to Defence Minister Rajnath Singh’s office.

The total outlay does not include Rs 1,12,079 crore set aside separately for payment of pensions. If allocation for pension is included, then the total outlay for defence stands at Rs 4.31 lakh crore which accounts for 15.47 per cent of the total central government expenditure for the year 2019-20. “The capital allocation of Ministry of Defence under BE (budget estimate) 2019-20 is 31.97 per cent of the total Central government capital expenditure, which is Rs 3,38,569.00 crore,” Singh’s office tweeted.

For latest coverage on Budget 2019-20 log on to financialexpress.com. We bring you full coverage of Union Budget 2019 Live. Stay Connected.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

FinancialExpress_1x1_Imp_Desktop