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Defence allocation for 2010-11 raised to Rs.147,344 crore

New Delhi, Feb 26 (Calcutta Tube) India’s defence expenditure has been raised 3.98 percent to Rs.147,344 crore (Rs.1.47 trillion/$32 billion) in the budget for fiscal 2010-11 presented by Finance Minister Pranab Mukherjee in the Lok Sabha Friday.

The raise of Rs.5,641 crore is a far cry from the 34 percent hike to Rs.141,703 crore Mukherjee had effected for 2009-10, saying that a security ‘threshold had been crossed’ with the 26/11 Mumbai terror attacks.

In real terms, however, the hike for fiscal 2009-10 ending March 31 worked out to a little over 23 percent as the revised expenditure for 2008-09 had been placed at Rs.114,600 crore against the allocation of Rs.91,681 crore.

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