Business Standard

Defence spending in austere times

The unusually low 5 per cent increase in allocation in the Budget calls for unorthodox solutions to fund the military

Defence spending in austere times
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Ajai Shukla
When Finance Minister Nirmala Sitharaman, while delivering her Budget speech, shared no details of how much she was allocating to defence, the writing was on the wall: There was going to be only a token rise. This apprehension proved valid when the numbers appeared and it emerged the government had raised defence spending by an unusually low 5 per cent — insufficient to cater for even inflation. The government has made it clear it prioritises spending on education, healthcare and creating national infrastructure, as a result of which the share of the military in the Centre’s overall allocations has steadily
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