The defence budget has been hiked by 6 per cent from Rs 3.18 lakh crore to Rs 3.37 lakh crore in the Union Budget 2020 presented by Finance Minister Nirmala Sitharaman. With defence pensions, the total budget would go up to Rs 4.7 lakh crore. For modernisation and buying new weapon systems, defence forces have been allocated Rs 1,10,734 crore which is Rs 10,340 more than what was provided in last year’s budget. The biggest hike in allocation for defence forces came in the defence pension budget which goes up to Rs 1.33 lakh crore from last year’s Rs 1.17 lakh crore.

The defence budget has been hiked by 6 per cent from Rs 3.18 lakh crore to Rs 3.37 lakh crore in the Union Budget 2020 presented by Finance Minister Nirmala Sitharaman. With defence pensions, the total budget would go up to Rs 4.7 lakh crore. For modernisation and buying new weapon systems, defence forces have been allocated Rs 1,10,734 crore which is Rs 10,340 more than what was provided in last year’s budget. The biggest hike in allocation for defence forces came in the defence pension budget which goes up to Rs 1.33 lakh crore from last year’s Rs 1.17 lakh crore.