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    HomeNewsBusinessEconomyDefence budget up by 11.6%

    Defence budget up by 11.6%

    Government today raised the defence budget by 11.6% to Rs 164,415 crore for 2011-12 from Rs 1,47,344 crore last year to modernise the armed forces.

    February 28, 2011 / 18:24 IST

    Government today raised the defence budget by 11.6% to Rs 164,415 crore for 2011-12 from Rs 1,47,344 crore last year to modernise the armed forces.


    To procure modern weapon systems and defence equipment, Rs 69,199 crore has been allocated for capital expenditure, Finance Minister Pranab Mukherjee informed the Lok Sabha while presenting the Budget.


    "Needless to say, any further requirement for the country's defence would be met," he said.

    The Rs 8366 crore hike in capital expenditure, which is 12% more than last year's Rs 60,833 crore, comes at a time when the Government is looking to finalise big ticket deals to procure 126 multi-role combat aircraft, 197 light helicopter and the 145 Ultra-light Howitzers for the Army.

    first published: Feb 28, 2011 06:20 pm

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