Defence budget hiked to Rs. 3,05,296 crore

Gaganyaan, India, ISRO, Interim Budget, Piyush Goyal, Defence

Rs. 3,05,296 crore have been provided for the  Defence Budget  in the Budget Estimates for 2019-20, compared to Rs. 2,82,733 crore provided in 2018-19 Budget Estimates. The figures were revised to Rs. 2,85,423 crore in the Revised Estimates of 2018-19.

While presenting the Interim Budget 2019-20 in Parliament today the Union Minister for Finance, Corporate Affairs, Railways and Coal Piyush Goyal said “Our Defence Budget will be crossing Rs.3,00,000 crore for the first time in 2019-20. For securing our borders and to maintain preparedness of the highest order, if necessary, additional funds would be provided.”

On the issue of strengthening Defence and National Security, the Interim Budget 2019-20 states that our soldiers protect our borders in tough conditions and they are our pride and honour. The Finance Minister Goyal said that due care has been taken of their honour. He said that the issue of One Rank One Pension (OROP) which was pending for the last forty years has been resolved.

He said “The previous Governments announced it in three budgets but sanctioned a mere Rs.500 crore in 2014-15 Interim Budget; in contrast we have already disbursed over Rs.35,000 crore after implementing the Scheme in its’ true spirit. The Government also announced substantial hike in the Military Service Pay (MSP) of all service personnel and special allowances given to Naval and Air Force personnel deployed in high risk duties.”

Piyush Goyal also said that seventh dimension of our vision for the next decade aims at the Outer Skies. Our space programme – Gaganyaan, India becoming the launch-pad of satellites for the World and placing an Indian astronaut into space by 2022 reflect this dimension of our vision, the Minister said.

Given below is the budget allocation for some major schemes of Department of Space:

(Rs in crore)

 

Scheme 2017-18

Actuals

2018-19

BE

2018-19

RE

2019-20

BE

Space Technology 5,948 6,576 6,993 7,483
Space Applications 1,540 1,746 1,595 1,885
INSAT Satellite Systems 565 412 1,330 884

More funds for North Eastern areas