Expectation from Union Budget 2019- Increase in Defence Budget



Replacement of ageing and obsolete defence equipment is part of modernisation of Armed Forces which is a continuous process based on threat perception, operational challenges, technological changes and available resources.  The process is based on a 15 year Long Term Integrated Perspective Plan (LTIPP), five year Service Capital Acquisition Plan (SCAP) and Annual Acquisition Plan (AAP).

Government attaches high priority to ensuring that the Armed Forces are adequately equipped and operationally prepared to deal the entire spectrum of security challenges facing the country.  In this context, there is a constant endeavour to modernize the Armed Forces through acquisition of contemporary systems, development of new technologies and upgrading of conventional equipment.

Allocated budget is optimally utilised to avoid gap between the need and the availability of funds. There has been consistent increase in total Capital Budget of Ministry of Defence.  The details of Capital Budget (BE) for the last three years and current year are as under:


Year

Capital Budget (BE)

(Rs. in crore)

2016-17

90,209.63

2017-18

91,579.70

2018-19

99,563.86

2019-20 (interim)

1,08,248.80


This information was given by Raksha Rajya Mantri Shri Shripad Naik in a written reply to Shri Jayadev Galla in Lok Sabha today.




News posted by

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

Comments :


More »

Popular News





CCI Pro



Company
ARTICLESHIP 30 September 2026
CA Article Assistant

CA Suraj Garg & Associates

New Delhi

CA Final

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details
Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

View Details
Company
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details