MoD – Defence Budget 2020 – 2021 – Defence Pension 2020
The Union budget for the 2020-21 financial year, presented to Parliament on February 01, 2020 by Finance Minister Smt Nirmala Sitharaman, envisaged a total outlay of Rs 30,42,230 crore. Rs 3,37,553 crore (excluding Defence Pension) has been allocated for Defence. A amount of Rs 1,33,825 crore was provided for Defence Pension in Budget Estimates 2020-21.
There is an increase in total Defence allocations (Rs 4,71,378 crore) of Rs 40,367.21 crore including Defence Pension over the 2019-20 fiscal year. Total defence budget accounts for 15.49 per cent of total central government spending for the 2020-21 fiscal year.
The allocation of Rs 4,71,378 crore reflects a 9.37 per cent increase over Budget Estimates (Rs 4,31,010,79 crore) for the 2019-20 financial year.
Of the Rs 3,37,553 crore allocated for the 2020-21 financial year, Rs 2,18,998 crore is for revenue (Net) expenditure and Rs 1,18,555 crore is for capital expenditure for Defence Services and Ministry of Defense organizations / departments. The total of Rs 1,18,555 crore allocated for capital spending includes expenditure related to modernisation.
Input from PIB
Related to Your Search:
- Defence Budget Allocation for 2019-20 at Rs3.19 Lakh Crore, Excluding Defence Pension
- Defence – Budget 2018-19 – Allocate 12.10 percent of the total Central Government Expenditure
- Further Rs.1,000 Crore for OROP: Budget 2014-15 – Defence allocation raised to Rs.2,29,000 crore
- Amount Earmarked for Defence
- 7th CPC recommendations will have no impact on the fiscal deficit in the current fiscal year
- 15th Finance Commission Report defence pension, mulling separate NPS for armed forces, increasing the retirement age of POBR
- Government provides fund for pay commission implementation in Budget
- Provision for 7th Pay Commission in Budget 2015-16
- Defence – Modernisation of Armed Forces