Union Budget 2020: Defence Budget Up From Rs 3.18 Lakh Crore To Rs 3.37 Lakh Crore

Finance Minister Nirmala Sitharaman on Saturday presented Union Budget 2020. During her speech, Sitharaman announced that the Defence budget (minus pensions) will be up from Rs 3.18 lakh crore to Rs 3.37 lakh crore. This will be a modest hike of barely 6 per cent, which includes Rs 1,13,734 crore under the capital head, just Rs 10,340 cr more than last year.

Prime Minister Narendra Modi on Friday said that a strong foundation will be laid for this decade in the present session of Parliament and hoped there will be good debates in both the Houses on the economy. Speaking ahead of the Budget Session, Modi said that he wanted a vast and qualitative discussion on financial issues in both the houses. “This session should be focussed mainly on economic issues. I want there to be good debates on these issues in both houses.

“Our government’s identity has been of empowering Dalits, women, those who face exploitation. We want to continue these efforts. This session should be focussed mainly on economic issues. I want there to be good debates on these issues in both houses,” he said.