Record over Rs 6.21 lakh crore allocation to Ministry of Defence in Interim Union Budget 2024-25; 4.72% more than FY 2023-24
New Delhi, Feb. 1 -- In the current geopolitical scenario and with the twin objective of promoting self-reliance and exports, the defence budget has touched Rs 6,21,540.85 crore in the financial year 2024-25.
This comes out to be 13.04% of the total Union Budget, which was presented by Finance Minister Nirmala Sitharaman in Parliament earlier today.
The Ministry of Defence (MoD) continues to receive the highest allocation among the ministries. The budgetary allocation to defence for FY 24-25 is higher by approx. one lakh crore (18.35%) over the allocation for the FY 2022-23 and 4.72% more than allocation of FY 23-24.
Of this, a major share of 27.67% goes to capital, 14.82% for revenue expenditure on sustenance and operational preparedn...
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