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Interim Budget 2019: In a first, defence allocation crosses Rs 3 trillion

Further, Finance Minister Piyush Goyal said that Rs 35,000 crore has already been disbursed for soldiers under One Rank One Pension

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Last Updated : Feb 01 2019 | 12:47 PM IST

Presenting the Interim Budget 2019, Finance Minister Piyush Goyal on Friday announced that the defence budget for the financial year 2020 has been increased to over Rs 3 trillion, compared to the outlay of Rs 2.95 trillion in the previous Budget.

"The defence budget has exceeded Rs 3 trillion for the first time ever," Goyal said, adding that the government would provide additional funds for defence if needed.

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Further, Goyal said that Rs 35,000 crore has already been disbursed for soldiers under One Rank One Pension (OROP). He also said that a substantial hike in military service pay has been announced.

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In 2018-19, the outlay for defence budget had amounted to 12.10 per cent of the total budget of Rs 24.42 trillion (Rs 24,42,213 crore).