Defence Expenditure as a part of GDP

The Minister of State for Defence gave information about the defence expenditure as a part of GDP in Rajya Sabha. The Defence Expenditure is increasing every year in absolute terms, implying higher spending. However, Defence Budget as a percentage of GDP may appear to be decreasing due to the increasing trend in the growth of GDP.

Daily Current Affairs Quiz 2020

In Budget Expenditure (BE) 2019-20, total Defence Budget (including Miscellaneous and Pensions) is 15.47% of total Central Government Expenditure. In BE 2019-20, the Capital Budget of the Ministry of Defence is approximately 31.97% of the total capital expenditure of the Central Government Expenditure. The expenditure on operations/ maintenance and Defence Infrastructure has been maintained optimally.