Defence budget of India increases by 2.36 billion USD

[Sloth 22]

https://twitter.com/x/status/826683693976559618

2.74 Lakh Crore INR equals around 40.5 Billion USD defence budget for Financial year 2017-18.

 

[Sloth 22]

The defence budget for last financial was 2.58 Lakh Crore which is around 38.1 Billion USD.

 

[Ajaxpaul]

86000 crore for capital purchase, if I am not wrong.

 

[Sloth 22]

The total budget value for coming Financial year is 317.5 Billion USD.

86000 crore for capital purchase, if I am not wrong.

Yes, that is included in the 2.74 Lakh Crore amount.

https://twitter.com/x/status/826686648784089088

86000 Crore is around 12.7 Billion USD.

 

[Gregor Clegane]

Defence Capital budget(funds to purchase new weapons & equipment) has seen an increase of $1.2 billion.

 

[Sloth 22]

The 12.7 Billion USD amount known as capital budget is for newer purchases , it is not spent on payment of deals which already are signed.Their allocation is separate.

For example , we have paid 15% of Rafale deal amount last year's as first advance payment and will pay 25% of deal this year as 2nd advance payment. This payment has its separate allocation and the capital budget or 12.7 Billion USD for this year won't be used for it.

https://twitter.com/x/status/826683952677191681

 

[$@rJen]

@Sloth 22

Bro I'm not getting it properly..

could you please elaborate

 

[Sloth 22]

@Sloth 22

Bro I'm not getting it properly..

could you please elaborate

Which part ?

The total Defence Budget [Excluding the Pension/OROP Fund ] = 40.5 Billion USD

Total Capital Expenditure Budget [Budget allocation for new deals ] = 12. 7 Billion USD.

 

[Bheemsen]

Which part ?

The total Defence Budget [Excluding the Pension/OROP Fund ] = 40.5 Billion USD

Total Capital Expenditure Budget [Budget allocation for new deals ] = 12. 7 Billion USD.

This is much less than needed huge increase in capital outlay needed to fast track purchase of new naval helos , fighter jets , artillery and army equipments

 

[Safriz]

12.7 Billion for new purchases? What exactly?

 

[Sloth 22]

Peaceful Republic of India continues to have one of the lowest Defence to GDP ratio , at just 1.73 %.

Also the Defence to Total budget ratio is also one of the lowest at 12.7%.

This shows Republic of India's resolve to not to fall for the arms race by our belligerent neighbours.

 

[$@rJen]

Which part ?

The total Defence Budget [Excluding the Pension/OROP Fund ] = 40.5 Billion USD

Total Capital Expenditure Budget [Budget allocation for new deals ] = 12. 7 Billion USD.

Is the 12.7 billion exclusive of 40.5 billion budget??

 

[Sloth 22]

This is much less than needed huge increase in capital outlay needed to fast track purchase of new naval helos , fighter jets , artillery and army equipments

We do not need to pay the entire sum in the first year. The advance payments is only 15% of the total amount.

 

[Ajaxpaul]

Apache, S-400 etc covered under this is 12 billion or is this for new signings only ?

 

[Sloth 22]

Is the 12.7 billion exclusive of 40.5 billion budget??

12.7 Billion USD is included in the total amount of 40.5 Billion USD.

Apache, S-400 etc covered under this is 12 billion or is this for new signings only ?

If 100% of the capital budget is used , and on average 15% is the first advance payment , we can sign deals upto 75 billion USD in worth.

12.7 Billion for new purchases? What exactly?

Covers all the purchases , from fighter jets to S400, to Rifles to Radars.

https://twitter.com/x/status/826709873945673728