Budget 2023: Here's How Much Govt Has Allocated To Defence Sector In Last Five Years
1 year, 10 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 and development organisations. 2019-2020 In 2019-20, the Ministry of Defence was allocated Rs 4,31,011 crore for expenditure across various services, production establishments, and research and development organisations. 2022-2023 In the year 2022-23, the Ministry of Defence was allocated a total Budget of Rs 5, 25,166 crores, which is 13.31 per cent of the total Budget. Total allocation under Capital Outlay of Defence Services enhanced to 1.52 lakh crore In a major announcement during her Budget speech, Nirmala Sitharaman said that To reduce imports and promote self-reliance, the Budget for 2022-23 proposed that 68 per cent of the defence capital procurement Budget will be earmarked for the domestic industry.

History of this topic

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