Wednesday, March 7, 2018

Defence Expenditure

Posted by Government Staff on 9:40 PM. ,,,,, - No comments

Ministry of Defence

Defence Expenditure

07 MAR 2018
There has been a consistent increase in Defence Expenditure every year over previous year, as is brought out in the table below, providing the details for the last three years as well as the current year. Defence expenditure as a percentage of GDP is also given in the table below:
(Rs. in crore)
YearDefence Expenditure excluding Defence PensionDefence expenditure including Defence PensionGDPDefence Expenditure excluding Defence Pension as % of GDPDefence expenditure including Defence pension as % of GDP
2014-152,24,6542,85,1041,05,36,9842.12.7
2015-162,33,6822,93,9201,13,81,0022.052.58
2016-17(Actual)2,66,7953,54,6211,21,89,854
(PE)		2.182.9
2017-18#(RE)2,79,0043,74,0041,67,84,679
(RE)		1.662.2

This Ministry projects all the requirements posed by the Services to Ministry of Finance for favourable consideration. Ministry of Finance, being the Nodal Ministry for allocating funds to the Ministries, State Governments, etc. provides budget for Ministry of Defence taking into account resource envelope of the Government of India. The allocated funds are optimally and fully utilized towards operational requirements. However depending on the Budget allocation the schemes are reprioritized to ensure that urgent and critical capabilities are acquired without any compromise to operational preparedness of the Defence Services.

This information was given by Raksha Rajya Mantri Dr. Subhash Bhamre in a written reply to Shri Rajendra Agrawal in Lok Sabha today.

PIB

0 comments:

Post a Comment

Now Trending

34% DA Order for Central Govt Employees wef 01.01.2022 - Latest CG Employees DA Order Jan 2022

 DA Order for Central Government Employees from Jan 2022 - Finmin Order 2022 Latest CG Employees DA Order Jan 2022 Dearness Allowance payabl...

Disclaimer:

All efforts have been made to ensure accuracy of the content on this blog, the same should not be construed as a statement of law or used for any legal purposes. Our blog "Central Government Staff news" accepts no responsibility in relation to the accuracy, completeness, usefulness or otherwise, of the contents. Users are advised to verify/check any information with the relevant department(s) and/or other source(s), and to obtain any appropriate professional advice before acting on the information provided in the blog.

Links to other websites that have been included on this blog are provided for public convenience only.

The blog "Central Government Staff news" is not responsible for the contents or reliability of linked websites and does not necessarily endorse the view expressed within them. We cannot guarantee the availability of such linked pages at all times.

Any suggestions write to us
centralgovernmentnews@gmail.com