Union finance minister Nirmala Sitharaman in her debut budget speech on Friday allocated Rs 4,31,011 crore for the ministry of defence. The amount set aside for the ministry is almost identical to what had been allocated to it in the interim budget presented by then FM Piyush Goyal ahead of the Lok Sabha elections.
Out of the total allocation, Rs 3,05,296 crore ($44.6 billion) have been earmarked for Defence Expenditure (the actual defence budget), while the rest is civil expenditure which includes pensions and miscellaneous expenses.Read More…
