Home » Business » Defence budget hiked to Rs.1.54 lakh crore

Defence budget hiked to Rs.1.54 lakh crore

Posted by on February 28, 2011 0 Comment

New Delhi, Feb 28 (IANS) Finance Minister Pranab Mukherjee Monday said India’s defence budget for 2011-12 had been hiked to Rs.154,415 crore ($34 billion).

This will mark an over four percent increase from the 2010-11 allocation of Rs.147,344 crore.

Mukherjee also told the Lok Sabha while presenting the annual budget that the capital expenditure for defence in 2011-12 would be scaled up to Rs.69,199 crore, up from the Rs.60,000 crore in 2010-11.

He said any further requirement for defence of the country would be met.

No comments yet... Be the first to leave a reply!

Leave a Reply