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Govt allocates Rs 4.78 trillion to defence for 2021-22 in Budget 2021

The defence budget, including outlay for payment of pensions, was increased to Rs 4.78 trillion for 2021-22 as against last year's Rs 4.71 trillion

Topics
defence sector | Budget 2021 | Union Budget

Press Trust of India  |  New Delhi 

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The defence budget, including outlay for payment of pensions, was increased to Rs 4.78 lakh crore for 2021-22 as against last year's Rs 4.71 lakh crore.

Excluding the pension outgo, the allocation in the for the armed forces stands at Rs 3.62 lakh crore.

Out of total allocation, Rs 1.35 lakh crore has been set aside for capital outlay to purchase new weapons, aircraft, warships and other military hardware, according to the presented in Lok Sabha by Finance Minister

The capital outlay in the defence budget 2020-21 was Rs 1.13 lakh crore.

The total revenue expenditure, which includes expenses on payment of salaries and maintenance of establishments, has been pegged at Rs 3.37 lakh crore.

The total revenue expenditure included Rs 1.15 lakh crore for payment of pensions.

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First Published: Mon, February 01 2021. 14:58 IST
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