Budgetary allocation and Spending on Defence Modernisation
An amount of Rs.2,59,261.90 Crores was allocated for Defence Forces under Defence Services Estimates (DSE), 2017-18. An amount of Rs.2,16,685.59 Crores has been spent upto 31.12.2017.
At Revised Estimate stage, an additional amount of Rs.39690.18 Crores was sought, however, no additional funds were allocated under Revised Estimate 2017-18.
These funds under modernisation are utilized for induction of new equipment and technological upgradation of Capabilities identified through a comprehensive planning process, to keep the Armed Forces in a state of readiness to meet various security challenges. An amount of Rs.69,405.75 Crores was allocated for Modernisation (Capital Acquisition) under DSE in Budget Estimate 2017-18. Till 31.12.2017 the expenditure under modernisation is Rs.61,002.97 Crores.
This information was given by RakshaRajyaMantriDr.SubhashBhamre in a written reply to Shri Bhubaneswar Kalitain Rajya Sabha today.