Tuesday, 25 July 2017

Share of Defence Budget

The share of the Defence Budget as per the traditional format followed as a percentage of the GDP  from 2013-14 to 2017-18 is as under:
(Rs. in crores)
Year
BE
GDP
Defence Budget % of GDP
2013-14
2,03,672.12
92,80,803.00
2.19
2014-15
2,29,000.00
99,21,106.00
2.31
2015-16
2,46,727.00
106,35,426.00
2.32
2016-17
2,49,099.00
114,43,718.00
2.18
2017-18 
2,62,389.81
168,47,455.00
1.56

Armed Forces maintain a balanced inventory by an optimal mix of vintage, current and state of art equipment.  Ratio of capital outlay is not defined.  Further, the Capital budget is reserved for committed liabilities incurred in the previous years for purchase of modern equipment and also for funding new procurements in the present year.  The Revenue budget is for servicing of old equipment and its existing technology.
The ratio of revenue and capital outlay to GDP from the year 2013-2014 to 2017-2018 is as under:
Year
Revenue
Capital
GDP
Ratio of GDP
Revenue
Capital
2013-14
116931.42
86740.71
92,80,803.00
1.26
0.93
2014-15
134412.05
94587.95
99,21,106.00
1.35
0.95
2015-16
152139.00
94588.00
106,35,426.00
1.43
0.89
2016-17
162759.00
86340.00
114,43,718.00
1.42
0.75
2017-18
175861.16
86528.65
168,47,455.00
1.04
0.51

This information was given by Minister of State for Defence Dr. Subhash Bhamre in a written reply to Prof. M. V. Rajeev Gowda in Rajya Sabha today


Courtesy: pib.nic.in

No comments:

Last Date for Padma Awards nominations - 15th September, 2017

The last date for receipt of the nominations for the Padma Awards 2018 is September 15, 2017. Everyone can nominate any one. People are ...