Budget 2025: Why is it crucial to increase India's military spending amid global instabilities? Explained
10 hours, 25 minutes ago

Budget 2025: Why is it crucial to increase India's military spending amid global instabilities? Explained

India TV News  

Budget 2025: As Finance Minister Nirmala Sitharaman is gearing up to present the Union Budget 2025 in the Lok Sabha on February 1, the nation waits with bated breath for measures that address key economic and strategic priorities. In an era marked by geopolitical turbulence -- from the Russia-Ukraine war to the Israel-Hamas conflict and rising tensions near India's borders -- global military spending has surged over the last few years. With India's security environment demanding heightened vigilance, stakeholders are urging the government to prioritise defence allocations in order to enable the armed forces to address both conventional and emerging challenges effectively. Below mentioned factors necessitates hike in defence budget: Geopolitical tensions and border security India continues to face complex security challenges along its northern and western borders. Counterterrorism and internal security In addition, India’s internal security challenges, such as insurgency in Jammu and Kashmir, left-wing extremism, and urban terrorism, require sustained investment in specialised equipment, personnel training, and intelligence operations.

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History of this topic

Budget 2025: Is it high time to hike India's military spending?
1 week ago

Budget 2025: Is it high time to hike India's military spending?

India Today  

From the Russia-Ukraine war and the Israel-Hamas conflict to the Bangladesh instability and Afghanistan-Pakistan tensions, global peace is in short supply. With conflicts reaching Indian borders, the question arises: is it time to raise the defence budget, which has consistently been below 2.5 per cent of the country’s gross domestic product? For the first time since 2009, military expenditure went …

Japan approves record defence budget with plans to become 3rd highest spender: Where does India stand?
2 weeks, 5 days ago

Japan approves record defence budget with plans to become 3rd highest spender: Where does India stand?

India TV News  

Japan has decided to increase its defence budget to as high as 8.7 trillion yen in 2025. Under the new defence strategy, Tokyo plans to eventually double its annual military spending to around 10 trillion yen, making it the world's No.3 military spender after the United States and China. Understanding Japan's new defence strategy Japan prepares to deploy US-made Tomahawks …

How small arms production advances India’s defence ecosystem
4 weeks ago

How small arms production advances India’s defence ecosystem

Firstpost  

India’s defence manufacturing sector is seeing massive growth, with a clear focus on becoming self-reliant. Opportunities in India’s defence sector India’s defence sector is set to see orders worth $138 billion between FY24 and FY32, driven by rising demand for defence equipment, technology, and services. This presents significant opportunities for companies involved in defence production and technology development, according to …

Transforming India's Defence Forces: A Call for Strategic Investment and Transformation
2 months, 1 week ago

Transforming India's Defence Forces: A Call for Strategic Investment and Transformation

Live Mint  

The article emphasizes the imperative of transforming India's defense forces to meet the challenges of the 21st century. It argues that a focus on quantity and quality in defense is crucial to ensure national security and avoid being left behind by adversaries. The article highlights the need to invest more in defense as a proportion of GDP, as well as …

India's Defence Production Hits ₹1.27 Lakh Cr
3 months, 2 weeks ago

India's Defence Production Hits ₹1.27 Lakh Cr

Deccan Chronicle  

New Delhi:India's defence production reached a record high of ₹1.27 lakh crore in 2023-24, with exports of military hardware and weapons to over 90 countries, defence minister Rajnath Singh announced on Wednesday. The 'Make in India' programme, introduced under Prime Minister Narendra Modi’s leadership, has driven significant reforms across sectors, particularly in defence, according to Singh. He highlighted the country's …

Cutting edge projects avoided due to aversion to risk and intolerance of failure: DRDO chief
3 months, 3 weeks ago

Cutting edge projects avoided due to aversion to risk and intolerance of failure: DRDO chief

The Hindu  

Defence Research and Development Organisation Chairman Dr. Samir V Kamat said that there is an aversion to risk and intolerance of failure in India due to which people end up taking less challenging projects. Dr. Kamat said that this attitude is slowly changing as Defence Minister Rajnath Singh recently gave leeway for high-risk projects. This leeway has been given and …

How countries rank by military spending
4 months, 2 weeks ago

How countries rank by military spending

Live Mint  

TO ASSESS THE state of international affairs, a good rule of thumb is to follow the flow of money or weapons. Some of the biggest increases came from America’s NATO allies in Europe after a long period of low spending. This makes defence budgets comparable with America’s: pay is adjusted for wage differences and operating costs for general price levels. …

India’s defence budget 2024: Hits and misses
5 months ago

India’s defence budget 2024: Hits and misses

Hindustan Times  

The defence sector budget allocation remained the same as the interim budget allocation, with finance minister Nirmala Sitharaman presenting the full budget on July 23, 2024, after the formation of the new government. Even though the budgetary allocation to the Defence Research and Development Organisation has increased to ₹23,855 crore in FY 2024-25 from ₹23,263.89 crore in FY 2023-24, there …

Budget 2024: The Neoliberal Lenses That Skew the Vision
5 months, 1 week ago

Budget 2024: The Neoliberal Lenses That Skew the Vision

The Hindu  

Published : Aug 04, 2024 16:08 IST - 6 MINS READ With the short-term, frenzied interest that accompanies annual Budget presentations having ended, it is time to look at issues that were largely ignored in the debate. In fact, around the time when Budget 2024-25 was presented, the G20 Finance Ministers’ meeting in Rio had agreed on jointly pursuing a …

Budget 2024: Defence gets more at ₹6.22 lakh crore, boost for BRO’s projects
5 months, 3 weeks ago

Budget 2024: Defence gets more at ₹6.22 lakh crore, boost for BRO’s projects

The Hindu  

Union Finance Minister Nirmala Sitharaman allocated ₹6.22 lakh crore for the defence sector in 2024-25 which is almost the same as in the interim Budget presented in February. Follow LIVE updates from the Union Budget 2024 on July 23, 2024 The allocation of ₹6.22 lakh crore for the defence sector is 4.79% higher compared to the Budget Estimates of last …

India to spend 12.9% of Budget 2024 on defence. But how does it stack up against China?
5 months, 3 weeks ago

India to spend 12.9% of Budget 2024 on defence. But how does it stack up against China?

Firstpost  

The Centre has allocated Rs 6.21 lakh crore from the Union Budget to defence spending – up from 5.94 lakh crore in 2023. The defence ministry has kept aside Rs 1.05 lakh crore – 75 per cent of the modernisation budget – to buy from Indian firms. The Centre also increased the defence pension budget to Rs 1.41 lakh crore …

India defence budget 2024: ₹6.21 lakh crore allocated; minister Rajnath Singh reacts
5 months, 3 weeks ago

India defence budget 2024: ₹6.21 lakh crore allocated; minister Rajnath Singh reacts

Hindustan Times  

India has set aside ₹6,21,940 crore for defence spending in the Union Budget 2024-25 – up from last year's outlay of ₹5.94 lakh crore – finance minister Nirmala Sitharaman announced as she presented the Union Union Budget 2024 on Tuesday. The total allocation to the defence sector is 12.9 per cent of the total budget of the government of India …

Budget 2024: How much defence funding was allocated during the interim budget passed in February?
5 months, 3 weeks ago

Budget 2024: How much defence funding was allocated during the interim budget passed in February?

India TV News  

In a modest hike, the government had in its last interim budget, increased the defence budget to Rs 6.21 lakh crore for 2024-25 from last year's allocation of Rs 5.94 lakh crore and announced an ambitious scheme for "deep-tech" technologies in the military domain. In the interim Union budget presented in Parliament by Finance Minister Nirmala Sitharaman in February, a …

India’s Defence Dilemma: Balancing Ambition with Limited Resources
7 months, 3 weeks ago

India’s Defence Dilemma: Balancing Ambition with Limited Resources

News 18  

The Bharatiya Janata Party has been extremely efficient in producing headline-catching election manifestoes in 2014 and 2019 and especially again last month for the 2024 elections. Defence allocation has plummeted from a high of 3.5 per cent in the Congress rule in the late 1980s to less than 2 per cent today, even when the GDP has risen exponentially. As …

India 4th largest military spender in 2023, says new Sipri report
8 months, 3 weeks ago

India 4th largest military spender in 2023, says new Sipri report

Hindustan Times  

NEW DELHI: India was the fourth largest military spender in the world in 2023 with an expenditure of $83.6 billion after the United States, China and Russia, the Stockholm International Peace Research Institute said in a report published on Monday. Pokhran: Indian military personnel during the Exercise Bharat Shakti, in Pokhran, Rajasthan, in March India’s spending was 4.2% higher than …

Global defence budget: How much India, Pakistan and China spend on military? Top 10 list
8 months, 3 weeks ago

Global defence budget: How much India, Pakistan and China spend on military? Top 10 list

Hindustan Times  

Global military spending reached $2,443 billion in 2023, marking a significant 6.8 per cent increase from the previous year and the most significant year-on-year rise since 2009, according to new data from the Stockholm International Peace Research Institute. SIPRI report on global military spending | Key points • In 2023, total military expenditure accounted for 2.3 per cent of the …

Jeremy Hunt admits Britain will have to spend more money on defence in future in the face of growing Russian aggression - after rejecting calls to increase Armed Forces cash in Budget
10 months, 1 week ago

Jeremy Hunt admits Britain will have to spend more money on defence in future in the face of growing Russian aggression - after rejecting calls to increase Armed Forces cash in Budget

Daily Mail  

Jeremy Hunt today admitted that Britain will have up spending on its military in the future - after rejecting calls to increase defence cash in the Budget. The Chancellor was quizzed today over plans for tax cuts in Wednesday's fiscal showpiece, amid claims he may take a penny off either income tax and national insurance, or both. Reports suggest that …

Defence Budget 2024: Govt Allocates Rs 6.2 Lakh Crore, Launches New Scheme To Boost Deep-Tech
11 months, 2 weeks ago

Defence Budget 2024: Govt Allocates Rs 6.2 Lakh Crore, Launches New Scheme To Boost Deep-Tech

ABP News  

New Delhi: In the Interim Union Budget 2024, Finance Minister Nirmala Sitharaman on Thursday allocated Rs 6.21 lakh crore for defence spending, a hike of Rs 27,000 crore compared to the previous year. In the budget, a total of Rs 1.72 lakh crore was set aside to the military for capital expenditure that largely includes purchasing new weapons, aircraft, warships, …

India sets aside ₹6.21 lakh crore for defence, announces new scheme for deep tech
11 months, 2 weeks ago

India sets aside ₹6.21 lakh crore for defence, announces new scheme for deep tech

Hindustan Times  

India on Thursday set aside ₹6.21 lakh crore for defence spending in the interim budget for 2024-25, with the defence ministry saying that the critical sector continues to receive the highest allocation among all ministries. India’s defence budget stood at ₹5.93 lakh crore last year, including a capital outlay of ₹1.62 lakh crore. “A new scheme will be launched for …

Budget may focus on welfare, infra, adhere to fisc glide path
11 months, 2 weeks ago

Budget may focus on welfare, infra, adhere to fisc glide path

Hindustan Times  

New Delhi India will meet its fiscal deficit target of 5.9% of GDP in 2023-24, and largely adhere to the envisaged glide path to bring it below 4.5% by 2025-26 on the back of robust GDP growth, buoyant tax collections, and better targeting of expenditure, officials familiar with the matter said, adding that public spending on welfare schemes and infrastructure …

Armed forces wait for a funds boost from Budget
11 months, 2 weeks ago

Armed forces wait for a funds boost from Budget

Hindustan Times  

Next week, the Union government will place an interim budget before Parliament. The Union budget pays for maintaining the Army, Navy and Air Force and provides support to defence public sector units and the research and development related to defence. The Army’s budget in 2023-24 shows that 70% of the 3.41 lakh crore allocation went to salaries and pensions, while …

Union Budget 2024 Expectation: Defence Sector Seems Positive On Upcoming Budget
11 months, 2 weeks ago

Union Budget 2024 Expectation: Defence Sector Seems Positive On Upcoming Budget

ABP News  

The Indian defence sector finds itself at a pivotal moment amid simmering geopolitical tensions and an increased emphasis on self-reliance in strategic technology. With the Union Budget 2024 announcement scheduled for February 1, the defence sector expects some adjustments in fund allocations. In the budget for the fiscal year 2023-24, the defence sector was allocated Rs 5.94 lakh crore, marking …

Budget 2024: Government likely to maintain momentum on increasing capital expenditure
11 months, 3 weeks ago

Budget 2024: Government likely to maintain momentum on increasing capital expenditure

India TV News  

The government is expected to maintain its focus on increasing capital expenditure in the upcoming budget, particularly in the infrastructure sector, to stimulate economic growth amid subdued private investment. Since the post-COVID period, the budget has consistently emphasised capital expenditure, leading to over 7 per cent growth in the last three years, making India the fastest-growing large economy globally. In …

India’s defence budgeting and the point of deterrence
1 year ago

India’s defence budgeting and the point of deterrence

The Hindu  

The Medium Multi-Role Combat Aircraft programme of the Indian Air Force earned the sobriquet of being the ‘mother of all procurements’ due its cost, pegged at around $10 billion in 2007. Need for judicious assessment The question is whether ‘affordable defence’ — due to the perennial guns versus butter dilemma — will be the driving factor. Though the research and …

From jet engines to RPAS: How US is sharpening India’s edge in defence
1 year, 6 months ago

From jet engines to RPAS: How US is sharpening India’s edge in defence

Hindustan Times  

The upcoming mega deals with the United States for jet engines and weaponised remotely piloted aircraft systems have turned the spotlight on the US’s role in equipping the Indian military with modern weapons and systems, the capability boost it has provided to the armed forces, and the country’s attempts to diversify its arms purchases, officials aware of the matter said …

Welfare spending has been getting a regular pruning
1 year, 8 months ago

Welfare spending has been getting a regular pruning

The Hindu  

This year’s Union Budget was criticised by experts over a decline in allocations for welfare schemes in real terms, at a time of post-COVID-19 recovery when welfare spending should have been a priority. To cover all women and births as per the National Food Security Act mandate, the scheme needs around ₹14,000 crore, but the PMMVY Budget is yet to …

New Delhi 4th biggest defence spender, Moscow jumps to 3rd spot as Ukraine war drags on
1 year, 8 months ago

New Delhi 4th biggest defence spender, Moscow jumps to 3rd spot as Ukraine war drags on

Firstpost  

Just like India, China has also increased its military expenditure, as it remains the world’s second largest spender. The SIPRI report suggests that China allocated around $292 billion in 2022, and its military expenditure has now increased for 28 consecutive years New Delhi: The Stockholm International Peace Research Institute has revealed that India’s military expenditure rose by 6 per cent …

Parliament panel for enhancing Army\'s capital budget
1 year, 9 months ago

Parliament panel for enhancing Army\'s capital budget

Deccan Chronicle  

New Delhi: The capital budget of the Indian Army should be increased to facilitate enhancing its deterrent capacity to ward off challenges from the two "hostile" neighbours, a parliamentary panel has said in an apparent reference to Pakistan and China. "The committee also desired that there should be a separate allocation for committed liabilities and new schemes, under the modernisation/capital …

Budget 2023: Jeremy Hunt reveals £11bn for defence spending
1 year, 10 months ago

Budget 2023: Jeremy Hunt reveals £11bn for defence spending

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Jeremy Hunt said Rishi Sunak’s government would add £11bn to Britain’s …

China boosts defence budget by 7.2% amid 'security challenges'; Where does India stand?
1 year, 10 months ago

China boosts defence budget by 7.2% amid 'security challenges'; Where does India stand?

India TV News  

China's defence budget: China, which has been facing an economic slowdown, has announced to increase in the defence budget by 7.2 this year. China sets economic growth at around 5% The top economic official set this year’s growth target at “around 5%” following the end of anti-virus controls that kept millions of people at home and triggered protests. According to …

75 percent of defence capital budget earmarked for domestic firms: Rajnath Singh
1 year, 11 months ago

75 percent of defence capital budget earmarked for domestic firms: Rajnath Singh

Deccan Chronicle  

NEW DELHI: In a major move to push “Make in India”, defence minister Rajnath Singh on Wednesday announced that 75 per cent of funds allocated in Union Budget 2023-24 for equipping the Army, Navy and Air Force with new weapons and technology will be spent on purchases from domestic industry. In the Union Budget, the capital outlay which goes in …

Defence Budget 2023-24: Neither Here nor There
1 year, 11 months ago

Defence Budget 2023-24: Neither Here nor There

The Quint  

The meagre increase in the military's capital budget is disheartening for military planners, who can see their fiscal room for manoeuvre shrinking. The procurement of Rafale-M jets for the aircraft carrier, INS Vikrant, and Project-75I for submarine acquisition will almost certainly be on hold this year. The pension outlay has been increased this year to Rs 1.38 lakh crore, up …

India keeps aside Rs90,000 Cr in Budget 23-24 for fuel, ammo, spares with eye on China, Ukraine war
1 year, 11 months ago

India keeps aside Rs90,000 Cr in Budget 23-24 for fuel, ammo, spares with eye on China, Ukraine war

Firstpost  

This amount, which is around Rs 90,000 crore will be used for maintenance of weapons, equipment and other assets, replenishing stocks of fuel and ammunition and procurement of critical spares along with other capabilities. This amount excludes pay and other allowances New Delhi: Even as India’s defence budget saw a significant hike of around 13% for the financial year 2023-24, …

Budget 2023 | On the right course: A growth-oriented Budget: Keki Mistry
1 year, 11 months ago

Budget 2023 | On the right course: A growth-oriented Budget: Keki Mistry

The Hindu  

The Union Budget is one of the most anticipated annual events, where India has consistently embarked on numerous reforms bringing about structural changes. In my opinion, the Finance Minister this year rightly focussed on key factors that align with the larger vision of the government: boosting economic growth, employment generation, encouraging savings and investments, and fiscal consolidation. The government needs …

Budget 2023 | Defence budget rises 13%; revised estimate for pension rises
1 year, 11 months ago

Budget 2023 | Defence budget rises 13%; revised estimate for pension rises

The Hindu  

The Union Budget presented in Parliament by Finance Minister Nirmala Sitharaman on Wednesday allocated ₹5.94 lakh crore for the Defence Ministry, a 13% increase year-on-year from last year’s budget estimates. The overall revised estimates for 2022-23 for defence stood at ₹5.85 lakh crore and this year’s allocation represents a 1.5% increase. Of this year’s defence budget, ₹2.7 lakh crore is …

Budget 2023: Defence spending increased by 13% to Rs 5.94 lakh crore
1 year, 11 months ago

Budget 2023: Defence spending increased by 13% to Rs 5.94 lakh crore

India Today  

Finance Minister Nirmala Sitharaman on Wednesday earmarked Rs 5.94 lakh crore for the Defence Ministry for the financial year 2023–24, which is a hike of around 13 per cent compared to last financial year. The allocation for the Defence Ministry is to be 13 per cent higher than what it was allocated in the Union Budget last year, which was …

Union Budget 2023-24: Why this year's Budget needs to be seen through the lenses of India as a rising power
1 year, 11 months ago

Union Budget 2023-24: Why this year's Budget needs to be seen through the lenses of India as a rising power

Firstpost  

Budgets are always instruments, not only for assessing expenditure and income, but also for projecting what kind of nation a country wishes to be seen as India has been a low-middle-income country for a decade now, and this decade must be about its transition to middle-middle income status. Rising India is likely to signal in this budget that not only …

Upcoming budget to accelerate Make in India momentum in defence sector
1 year, 11 months ago

Upcoming budget to accelerate Make in India momentum in defence sector

India TV News  

With the Union Budget for 2023 set to be announced soon, there is a lot of anticipation about whether it will provide the necessary impetus to speed up the momentum for Make in India in defence. BUDGET 2023: FULL COVERAGE One of the main challenges facing the defence sector in India is the lack of a robust domestic defence industry. …

Kamal Davar | More bangs for the buck: What FM must ensure for the military
1 year, 11 months ago

Kamal Davar | More bangs for the buck: What FM must ensure for the military

Deccan Chronicle  

On February 1, Union finance minister Nirmala Sitharaman will be presenting the anxiously awaited Union Budget for the fiscal year 2023-24. Most analysts surmise that, notwithstanding the overall financial health of the nation, the defence budget owing to diverse forthcoming challenges may witness a hike of 10-15 per cent in allocations and thus be in the region of Rs 6.6 …

Budget 2023: Here's How Much Govt Has Allocated To Defence Sector In Last Five Years
1 year, 11 months ago

Budget 2023: Here's How Much Govt Has Allocated To Defence Sector In Last Five Years

ABP News  

The announcement of the Union Budget for the year 2023-2024 is just a few days away. Take A Look At The Share Of Funds Allocated To Defence Sector In The Union Budget In Last Five Years: 2018-2019 In the year 2018-19, the Ministry of Defence was allocated Rs 4,04,365 crore for expenditure across the various services, production establishments, and research …

Here's why Japan is doubling its defence budget
2 years, 1 month ago

Here's why Japan is doubling its defence budget

Firstpost  

During a meeting, PM Kishida asked Finance Minister Shunichi Suzuki and Defence Minister Yasukazu Hamada that the island country needs to urgently raise its defence budget by fiscal 2027 Japanese Prime Minister Fumio Kishida has asked key ministers on Monday to secure enough funds to raise defence spending to two per cent of gross domestic product in five years. During …

Data | Agnipath: With 34 lakh military pensioners, pensions form >50% of defence budget
2 years, 6 months ago

Data | Agnipath: With 34 lakh military pensioners, pensions form >50% of defence budget

The Hindu  

June 20, 2022 05:07 pm | Updated 05:38 pm IST One key reason for the Agnipath scheme, which aims to recruit defence personnel in short-term contracts, could be to reduce increasing pension payments in the Army, Navy, and Air Force. Share of defence budget The chart shows the defence pension budget and the defence R&D budget as a share of …

Analysis: New India army plan may have ‘devastating consequences’
2 years, 6 months ago

Analysis: New India army plan may have ‘devastating consequences’

Al Jazeera  

“It’s the economy, stupid.” The iconic phrase that guided Bill Clinton’s victory over George H W Bush in the 1992 presidential election in the United States has unleashed itself on the Indian military three decades later. More than half of the Indian government’s defence expenditure of $70.6bn – the third highest in the world after the US and China – …

Pakistan increases defence budget to Rs 1,523 bn; hikes spending by 11 per cent
2 years, 7 months ago

Pakistan increases defence budget to Rs 1,523 bn; hikes spending by 11 per cent

India TV News  

Highlights Pak's defence budget is the second biggest annual expenditure component after debt payments Last year, the country spent Rs 1,450 billion in defence spending Pak Finance Minister presented Rs 9,502-billion annual budget in Parliament for fiscal 2022-23 Pakistan on Friday announced that it will allocate Rs 1,523 billion for defence, an increase of over 11 per cent than last …

India\'s military spending 3rd highest in world after US, China: Reports
2 years, 8 months ago

India\'s military spending 3rd highest in world after US, China: Reports

Deccan Chronicle  

Stockholm : World military expenditure reached an all-time high of USD 2.1 trillion in 2021, the Stockholm International Peace Research Institute said on Monday, adding that the top three largest spenders were the United States, China and India. US military spending reached USD 801 billion in 2021, a drop of 1.4 per cent from 2020, the statement said. India's military …

India’s Budget: Foreign Policy Priorities
2 years, 9 months ago

India’s Budget: Foreign Policy Priorities

The Diplomat  

India’s budget for 2022-23, which was announced on February 1, envisages a total spending of $527.36 billion, of which $2.24 billion has been allocated for the MEA. India’s budget for 2022-2023 reveals an allocation of $26.74 million in development assistance to Afghanistan for the coming fiscal year, compared to $47 million that was allocated to Afghanistan under President Ashraf Ghani. …

China’s Defence Spending Hides More Than It Reveals; Outstrips Combined Expenses of India, Japan
2 years, 9 months ago

China’s Defence Spending Hides More Than It Reveals; Outstrips Combined Expenses of India, Japan

News 18  

The People’s Republic of China’s annual National People’s Congress ended last week. The People’s Liberation Army’s defence spending has increased by at least 6.6 per cent every year since the past three decades, and its defence expenditure has increased nearly six-fold in the past two decades. However, China is not the only country to hide its defence expenditure, as India …

From Germany to China, how Russia-Ukraine conflict is forcing the world to ramp up defence budgets
2 years, 10 months ago

From Germany to China, how Russia-Ukraine conflict is forcing the world to ramp up defence budgets

Firstpost  

Russia’s invasion of Ukraine has prompted many countries to hike their defence budgets. Romania: President Klaus Iohannis said that his country would push defence spending to 2.5 per cent of GDP, from the current 2 per cent mark. China: Beijing too has increased its defence spending in 2022 by 7.1 per cent to $229 billion, up from a 6.8 per …

Facilitate the optimisation of the Defence Budget
2 years, 10 months ago

Facilitate the optimisation of the Defence Budget

Hindustan Times  

Defence budgeting is a tricky exercise since the services and strategic experts are seldom satisfied. A high proportion of revenue expenditure militates against the very philosophy of efficient defence expenditure management that should graduate towards capital expenditure. Ephemeral support like this year’s higher allocation for capital expenditure or even institutionalised support like the non-lapsable Modernisation Fund for Defence and Internal …

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