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    HomeNewsOpinionBudget Snapshots: High personnel expenditure constrains defence capex

    Budget Snapshots: High personnel expenditure constrains defence capex

    More than half of the defence budget is spent on personnel salaries and pensions, leaving limited funds for procurement and modernisation programmes

    Moneycontrol Opinion
    January 20, 2023 / 13:10 IST
    Investors can take heart from higher capital outlay for defence services in FY23--it's up 9.7 percent. But this provides limited solace
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