"Although the defence budget looks to the large volume, but these are not the sheer numbers ... The size and the breadth of the country ... Even that kind of budget looks very small," said Sunil Kumar Kohli, who took over as the Financial Advisor to Defence Services early this month.
Recalling his recent discussions with Finance Ministry officials, he said, "Even on pension budget, Rs 82,000 crore is not sufficient for us. I had asked for almost a lakh crore for pension budget."
"Fiscal discipline we will teach you and rest of the discipline we learn from all of you," Kohli said, addressing coast guard officials after commissioning two fast patrol vessels for the maritime force built by Cochin Shipyard Limited.
Noting that all kind of economic activities are increasing, he said in fact, the ministry required a huge amount for development expenditure.
"Looking at the size and breadth of the country and the vulnerability and the kind of threats which are coming, even to guard inside the country becomes problematic...
(REOPENS MDS4)
The official hailed the "synergy" which has been created within the Defence Ministry to cut down the administrative time for procurement of defence equipment.
"I am very happy also to note that recently, because of the external environment, the kind of synergy which has been created within the Defence Ministry to take care of immediate requirement and in a fast track mode the whole ministry is functioning in a very collaborative effort.
Observing that planning is the core of the decision making, Kohli said, "If you plan properly, we can achieve each and everything on time."
"What I am trying to say is that each penny is important and wherever we are working from the fiscal point of view we have to ensure the kind of value for money," he said.
He said each competent demand within the defence ministry -- the border roads, the Coast Guard, the Army, the Navy, the Air Force-- is huge.
Kohli said the Finance Ministry has always given priority to defence requirements and also for paramilitary forces' needs.
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