Under utilization of defence budget

In the fiscal year 2014-15, the Defence Ministry has just utilised 87.21 percent of budget from the revised allocation of Rs 2,22,370 crore made in December. The Finance Ministry originally allocated Rs 2, 29,000 crore in his budget last July. In the year 2014-15, only Rs 5,402 crore out of the capital budget were spent for procuring new items while Rs 61,157 crore went into paying for previously signed contracts. This year, Rs 6,070 crore has been allocated for new items while Rs 71,336 crore will go towards already committed liabilities.

Source: http://indianexpress.com/article/india/india-others/only-87-defence-budget-used-last-year/

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