Union Budget 2021: Rs 4.78 lakh crore allocated for defence

By: |
Updated: February 01, 2021 3:54 PM

Budget 2021 Live from Parliament, Union Budget 2021-22 Live Updates: Excluding the pension outgo, the allocation in the Union Budget for the armed forces stands at Rs 3.62 lakh crore.

Union Budget 2021, Budget 2021, defense budgetThe capital outlay in the defence budget 2020-21 was Rs 1.13 lakh crore. (Reuters Image)

Budget 2021 Announcements, Union Budget 2021 Announcements, Budget 2021 News: The defence budget, including outlay for payment of pensions, was increased to Rs 4.78 lakh crore for 2021-22 as against last year’s Rs 4.71 lakh crore. Excluding the pension outgo, the allocation in the Union Budget for the armed forces stands at Rs 3.62 lakh crore.

Out of total allocation, Rs 1.35 lakh crore has been set aside for capital outlay to purchase new weapons, aircraft, warships and other military hardware, according to the Union Budget presented in Lok Sabha by Finance Minister Nirmala Sitharaman. The capital outlay in the defence budget 2020-21 was Rs 1.13 lakh crore.

Also Read: Check Union Budget 2021 Live Updates here:

The total revenue expenditure, which includes expenses on payment of salaries and maintenance of establishments, has been pegged at Rs 3.37 lakh crore. The total revenue expenditure included Rs 1.15 lakh crore for payment of pensions.

Do you know What is Finance Bill, Short Term Capital Gains Tax, Fiscal Policy in India, Section 80C of Income Tax Act 1961, Expenditure Budget? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.