New Delhi:
Finance Minister Nirmala Sitharaman (Nirmala Sitharaman), after the budget, fiercely appreciated the progress of the country’s defense sector in its first exclusive interview and said that we are exporting defense equipment to other countries. NDTV editor-in-Chief Sanjay Puglia’s defense sector not having big announcements and not increasing the budget allocation, in response to the question asked about the discussions sprinkled on not being extended too much, the Finance Minister explained how the allocation of budget for defense was very carefully. Is done Also said that this time no cuts have been made in the defense budget.
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The Finance Minister said during the interview that allotment for the defense sector has not decreased. He said that defense pains and defense purchases and subsequent expenses are different. Do not reduce them, we pay attention to how to take it forward. This time too, no cut has been made in the budget of defense.
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Uncertainty must understand: Finance Minister
He said that we should understand uncertainty in the defense budget. He said, “The year he has to make more provisions in the year he has to pay. The year when he does on order, he has to give the first instrument. They have a long term project plan and if it is imported. So arrangements are made accordingly. ”
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Export of more than 25 thousand crores
He said that about 60 percent of the defense equipment made in India is bought in India itself. He also said that some big things are imported from abroad and it is different. He said that India’s defense production is not only for India, but defense equipment is also being exported to other countries. India’s defense exports have crossed the figure of Rs 25 thousand crore.
Defense budget of Rs 6.81 lakh crore
Earlier, Union Finance Minister Nirmala Sitharaman on Saturday fixed Rs 6,81,210 crore for the defense budget of 2025-26. This is 9.53 percent more than Rs 6.22 lakh crore allocated for the current financial year. Thus the defense budget is 13.45 percent of the total budget of Rs 50,65,345 crore.
He has set an amount of Rs 1,80,000 crore for the capital expenditure of the armed forces, including the purchase of new weapons, aircraft, warships and other military equipment on a large scale. The budget for defense is about 1.9 percent of the estimated GDP (GDP) and the revised allocation for the current financial year is about 6.2 percent more than Rs 6.41 lakh crore.
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