What percentage of the total Union Budget does the Defence Budget constitute for the Financial Year 2024-25?

The correct answer is 13.04%.

Key Points

• The Defence Budget for the Financial Year 2024-25 is approximately ₹5.94 lakh crore.
• The total Union Budget for the Financial Year 2024-25 is estimated to be around ₹45.03 lakh crore.
• The Defence Budget constitutes about 13.04% of the total Union Budget.
• India's Defence Budget includes expenditure on the Army, Navy, Air Force, and other defence organizations.

Additional Information

• Union Budget of India
  • The Union Budget is an annual financial statement presented by the Government of India.
  • It outlines the estimated government revenues and expenditures for the upcoming financial year.
  • The budget is presented by the Finance Minister in the Parliament of India.
  • It is a crucial tool for implementing the economic policies of the government.
• Components of Defence Budget
  • Revenue Expenditure: Includes salaries, maintenance of establishments, and operational expenses.
  • Capital Expenditure: Covers acquisition of new equipment, modernization, and infrastructure development.
• Comparative Defence Budgets
  • India is among the top five countries with the highest defence budgets globally.
  • The defence budget is crucial for maintaining national security and modernizing the armed forces.
• Fiscal Deficit
  • The fiscal deficit is the difference between the government's total expenditure and its total revenue (excluding borrowings).
  • It is an important indicator of the financial health of a country.