Union Budget 2017: Rs 2.74 lakh crore allocated towards defence spending

Arun Jaitley pegged the total expenditure of budget 2017-18 at Rs 21.47 lakh crore.

By: Express Web Desk
New Delhi | Updated: February 1, 2017 12:41 PM IST

1 min read

Indian army tanks roll down Rajpath, the ceremonial boulevard, during Republic Day parade in New Delhi, India, Thursday, Jan. 26, 2017. India marks Republic Day on Jan. 26 with military parades across the country. (AP Photo/Bernat Armangue)

Finance Minister Arun Jaitley Wednesday allocated Rs 2.74 lakh crore towards defence expenditure for the next financial year. The figure excludes money spent on pension payments. What it does, however, include is Rs 86,000 crore for defence capital. Jaitley pegged the total expenditure of budget 2017-18 at Rs 21.47 lakh crore.

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