JK News Today
In the financial year 2016-17 Budget Estimates (BE) of Defence Services Estimates and Ministry of Defence (Miscellaneous) was Rs. 2,58,589.32 crore, whereas for the financial year 2017-18 BE is Rs. 2,74,114.12 crore, which is around 6% more of the BE for the year 2016-17. The funds are allocated to meet Salary requirements, operational revenue expenses, contractual commitments and some fresh modernization schemes. Additional requirement of funds as necessary will be projected depending on pace of utilization of allocation, progress of ongoing and new modernization schemes and priority requirements.
The BE allocation to Defence Research Development Organization (DRDO) for the financial year 2016-17 was Rs 13,593.78 croes whereas for the financial year 2017-18 BE allocation is Rs. 14,818.74 crores. Additional requirement of funds for DRDO, if necessary, will be projected depending on pace of utilization of allocation and progress of ongoing and new schemes / projects. DRDO is managing within the budgetary allocation by re-prioritizing the project activities.
This information was given by Minister of State for Defence Dr. Subhash Bhamre in a written reply to Shri R. Gopalakrishnan in Lok Sabha today.
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