[ad_1]
Budget 2023 Modi Governemnt: Today the central government has presented the general budget of the country. The government has made a record increase in the budget of the defense sector. Ever since the Modi government came to power, it has always been ahead regarding the growth of the defense sector. Every time the amount of the budget is increased. So that new weapons can be made in the country. The missile equipped with the world’s advanced technology can be purchased. The central government has allocated Rs 5.94 lakh crore for 2023-24. The government has made an increase of about 70 thousand crore rupees as compared to last year.
Defense Budget 2022-23
The budget of the defense sector was also increased in the budget year 2022-23, where an amount of Rs 525,166 crore was allocated to this sector through the budget. At the same time, this year’s defense budget saw an increase of 10%, where in the capital expenditure, Rs 32,015 crore was allocated for the Army, Rs 47,590 crore for the Navy and Rs 55,586 crore for the Air Force. Along with this, Rs 11,981 crore was allocated for research and development in the defense sector in this budget.
Defense Budget 2021-22
This year there was a huge increase in the budget of the defense sector, which was the highest in 15 years. An allocation of Rs 4,78,195 crore was announced for the defense sector this year, where the modernization fund of the armed forces was increased from Rs 1,13,734 crore to Rs 1,35,060 crore this year. Along with this, the budget of Defense Pension was also increased substantially.
Defense Budget 2020-21
This budget was considered promising and progressive, where the allocation of funds in this year’s defense budget was modest. Let us tell you that in comparison to last year, this time the defense budget-2020 was increased by 6%, where the budget of the defense sector was increased to Rs 3.37 crore. At the same time, in this defense budget, the government had allocated an amount of Rs 1,10,734 crore for the purchase and modernization of weapons for the defense sector. Along with this, the government had released Rs 1.33 lakh crore for the pension of defense personnel.
Defense Budget 2019-20
Let us tell you that this was an election year, where the NDA government, keeping this in mind, presented an interim budget in place of the regular budget. In this interim budget, an allocation of Rs 4,31,011 crore was made for the defense sector, where it was increased by 10% compared to the previous year.
Defense Budget 2018-19
Talking about the defense budget of the year 2018, this year Rs 4,04,364 crore (including pension) was allocated to the Ministry of Defense for various services. At the same time, it was 16.6% of the budget of the central government at that time, along with this it was 2.2% of the estimated GDP of India at that time.
[ad_2]
Source link