Allocations increased for defence, space segments in Union Budget PTI
New Delhi: The defence budget, including outlay for payment of pensions, was increased to Rs 4.78 lakh crore for 2021-22 as against last year’s Rs 4.71 lakh crore. Excluding the pension outgo the allocation in the Union Budget for Armed Forces stands at Rs 3.62 lakh crore.
Out of total allocation, Rs 1.35 lakh crore in the Union Budget has been set aside for capital outlay to purchase new weapons, aircraft, warships and other military hardware. The Union Budget was presented in the Lok Sabha by Finance Minister Nirmala Sitharaman. The capital outlay in the defence budget 2020-21 was Rs 1.13 lakh crore.