By Our Correspondent
NEW DELHI: The Union Budget for the financial year 2020-21, presented by Finance Minister Smt Nirmala Sitharaman in Parliament envisaged a total outlay of Rs 30,42,230 crore. Out of this, Rs 3,37,553 crore has been allocated for Defence (excluding Defence Pension).
For Defence Pension, an amount of Rs 1,33,825 crore has been provided in Budget Estimates 2020-21. There is an increase of Rs 40,367.21 crore in the total Defence allocations (Rs 4,71,378 crore) including Defence Pension over the financial year 2019-20. Total defence budget accounts for 15.49 per cent of the total central government expenditure for the year 2020-21.
The allocation of Rs 4,71,378 crore represents a growth of 9.37 per cent over Budget Estimates (Rs 4,31,010.79 crore) for the financial year 2019-20.
Out of Rs 3,37,553 crore allocated for the financial year 2020-21, Rs 2,18,998 crore is for the Revenue (Net) expenditure and Rs 1,18,555 crore is for capital expenditure for the Defence Services and the Organisations/Departments under Ministry of Defence. The amount of Rs 1,18,555 crore allocated for capital expenditure includes modernisation related expenditure.