New Delhi: The Defence sector has got around seven per cent more in Union Budget 2021 with compare to last allocation.
The Defence allocation has been given Rs 7 ,000 crore to Rs 4.78 lakh crore in 2021-22 from Rs 4.71 lakh crore in 2020-21.
Out of 4.78 lakh crore, Rs 3.38 lakh crore will be revenue expenditure, including defence pensions and remaining 1.40 lakh crore would be capital expenditure.
Excluding defence pensions, the allocation this year stands at Rs 3.63 lakh crore, which is over seven per cent higher compared to the last year allocation which was Rs 3.37 lakh crore.
Out of 2.12 lakh crore allocated as defence services revenue that include salaries, transportation, repair, refit, stores among others, the Army has been given Rs 1.48 lakh crore, the Navy Rs more than 23.36 thousand crore, the Indian Air Force Rs over Rs 30 thousand crore, Ordinance Factory Board (OFB) Rs 113 crore while the defence research wing DRDO got over Rs 9,000 crore
The government has provided Rs 1.35 lakh crore in 2021-22 for modernization which was Rs 1.13 lakh crore in last in Budget Estimates while the Revised Estimate (RE) was Rs 1.34 lakh crore.
Out of which, the Indian Army has got Rs 36,481 crore in comparison to Rs 33,213 crore in 2020-21.(RE) The modernisation fund allocated to the Navy stood at Rs 33,253 crore while the last year it was Rs 37,542 crore (RE).
The Indian Air Force (IAF) got Rs 53,214 crore in 2021-22 against Rs 55,055 crore in 2020-21 (RE).
The allocation to the Ministry of Defence is the highest allocation among all ministries of the central government.