Defence Industry

Defence Budget 2018-19
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Issue Net Edition | Date : 01 Feb , 2018

Union Budget for the financial year 2018-19, present by the Finance Minister in the Parliament today, envisaged a total outlay of 24,42,213 crore. Out of this, Rs. 2,95,511.41 crore has been earmarked for Defence. This accounts for 12.10% of the total Central Government expenditure for the year 2018-19. 

The allocation of Rs. 2,95,511.41 crore represents a growth of 7.81% over Budget Estimates (Rs.2,74,114.12 crores) and 5.91% over Revised Estimates (Rs.2,79,003.85 crore), respectively for the financial year 2017-18. 

Out of Rs. 2,95,511.41 crore allocated for the financial year 2018-19, Rs. 1,95,947.55 store has been allocated for Revenue (Net) expenditure and Rs. 99,563.86 crore for Capital expenditure. The amount of Rs. 99,563.86 crore, allocated for Capital expenditure , includes modernization related expenditure. 

For Defence Pension which is over and above the outlay mention above , an amount of Rs. 1,08,853.30 crone has been provided in BE 2008-19. This is 26.60% above the BE 17-18 of Rs. 85,740 crone and 14.26% over RE 17-18 of Rs. 95,000 crore.

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One thought on “Defence Budget 2018-19

  1. Would have been nice to see an increase in the budget. However, the government is right to focus more on social programs, health care and infrastructure. That is where the bang for the buck is. Pakistan spends 40% on defense and see where it is today! The government has done a careful analysis of combined dangers from China and Pakistan and has rightly decided that India has the ability to more than hold them off if the need arises. We must be careful to not build up too much more than our legitimate needs because arms build up is very expensive and close to 100% of these arms become obsolete in 20-30 years without ever being used. Nice balancing act by the government overall.

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