Designed, developed and hosted by national informatics centre, information is provided by ministry of finance. To keep our fiscal accounts firmly on a sustainable path, the mtbps proposed a fiscal policy package that has trimmed overall spending by r25 billion, which is the combined amount for 201516 and 201617. Union budget 2015 live update and budget highlights. Indias defence budget 201516 manohar parrikar institute. Salient features in budget 2015 16, the development expenditure outside public sector development programme psdp was estimated at rs 164. Jul 04, 2016 defence expenditures of nato countries 20092016 nato collects defence expenditures from allies on a regular basis and presents aggregates and subsets of this information. In a general sense discretionary spending defense and nondefense spending makes up onethird of the annual federal budget. It is to be noted that though the defence budget for 201516 has grown by eight per cent over the preceding years budget allocation, the growth rate amounts to 11 per cent over the revised allocation for 201415. The reconciled figures are presented in tables 2 and 3. The finance minister has hiked the defence budget for fy 2015 16 by 9.
Net defence budget variations between 2015 and 2016 are positive. Beyond this target, defence spending may be further increased if and when necessary due to. Strategic financial management in the ministry of defence. Republic has undertaken to gradually increase the defence budget in order to reach 1.
The budget also maintainsa mission ready force, continue to. The 201516 budget delivers on the governments promise to grow, rather than cut, the defence budget. Each allys ministry of defence reports current and estimated future defence expenditure according to an agreed definition of defence expenditure. Defence manufacturing sector india has the third largest military in the world and is the sixth biggest defence spender.
The finance minister has hiked the defence budget for fy 201516 by 9. Introduction by the prime minister of the czech republic. This is the budget in full and supporting documents. Allies defence spending was based on the then available gdp data and. This defence budget falls critically short in the overall endeavour of capacity building of our armed forces to cater for envisioned threat perception. Defence expenditures of nato countries 20092016 nato collects defence expenditures from allies on a regular basis and presents aggregates and subsets of this information. The portfolio contains some smaller entities, including a number of statutory offices, trusts and. We discuss this matter on pdf every year when the budget is allocated in both indian and the pakistani threads discussing defence budget. The government is balancing the budget in 2015 and legislation will keep it that way for canadians benefit now, and in the future. Defence expenditure of nato countries 20122019 nato collects.
Comparative allocation in the defence budget 2015 16 is as below. India is also one of the largest importers of conventional defence equipment and spends around 30% of its total defense budget on capital acquisitions. May 26, 2017 pakistans defence expenditure in the next financial year will be around 7 per cent higher than it was in the outgoing year to rs920. From 201516 onwards, the tables included in the 201516 portfolio budget statements have been dissected to. However, current projections suggest the uk will fall narrowly short of the 2% threshold in 201516. As can be seen from table 2, compared to the preceding year, in 201617, the defence budget has witnessed a negligible growth of less than one per cent.
As against likely expenditure of this year of rs 2,22,370 crore the budget allocation for 201516 is rs 2,46,727 crore, he said. The fy 2015 budget of the department of defense dod is designed to protect capabilities that are most closely aligned to the pillars of the defense strategy defend the homeland, build security globally, and project power and win decisively. In the recently tabled budget 201516, the indian government has allocated rs. Ministry of defence annual report and accounts 2015 to 2016 web.
And in the previous year of 201415, it could only spend 85 percent of its allocation. Historical budget documents are available for reference purposes. In the 2015 16 budget, the government has reaffirmed its commitment to growing the defence budget to. To meet the target, the uk would have to increase the defence budget by more than. Overview fy 2015 defense budget table of contents iv 6. To keep our fiscal accounts firmly on a sustainable path, the mtbps proposed a fiscal policy package that has trimmed overall spending by r25 billion, which is the combined amount for 2015 16 and 201617. Expenditure breakdown for the ministry of defence mod in the united kingdom uk in 201516 in billion gbp. Commonwealthstate relations outlook for the gst distribution funding the national disability insurance scheme.
Finance minister ishaq dar presented the budgetary proposals for financial year 201516 before the national assembly on friday. Government has already permitted fdi in defence so that the indiancontrolled entities also become manufacturers of defence equipments. Memorandum explaining the provisions in the finance bill, 2015. Expenditure breakdown for the ministry of defence mod in the united kingdom uk in 2015 16 in billion gbp.
This military budget finances employee salaries and training costs, the maintenance of equipment and facilities, support of new or ongoing operations, and development and procurement of new weapons, equipment, and vehicles. Indian railway budget speech 2015 16 speech of shri suresh prabhakar prabhu introducing the railway budget for 2015 16 on 26th of february, 2015 madam speaker, 1. The military budget of china is the portion of the overall budget of china that is allocated for the funding of the military of china. Defence expenditure of nato countries 20102017 nato collects defence expenditure data from allies on a regular basis and presents aggregates and subsets of this information. Pakistans defence expenditure in the next financial year will be around 7 per cent higher than it was in the outgoing year to rs920. The 2015 16 budget delivers on the governments promise to grow, rather than cut, the defence budget. Spending 2% of gdp on defence has not troubled the uk in the past. Government spending does continue to surpass inflation after these adjustments in both. Overview national defense budget estimates for fiscal year fy 2015 the national defense budget estimates, commonly referred to as the green book, is a reference source for data associated with the current budget estimates of the department of defense dod. Strategic financial management in the ministry of defencesummary 7 8 risks remain to the continued balance of the defence budget, including both improving the departments performance to deliver the additional savings already assumed in future budget allocations, and. Indian railway budget speech 201516 speech of shri suresh prabhakar prabhu introducing the railway budget for 201516 on 26th of february, 2015 madam speaker, 1.
Summer budget 2015 1 executive summary this is a budget that puts security first. Indias defence budget 201516 e 2 we need a vast pool of highly skilled and qualified human resources for the defence industry. In a partial reversal of last years budget cuts the government has increased defence spending in the 2014 budget. Salient features in budget 201516, the development expenditure outside public sector development programme psdp was estimated at rs 164. It supports national security by investment in defence. Limited rise in indias defence budget 2015 16 indian. Shanes analysis and policyrelevant conclusions are properly caveated, because india does not reveal some important data about defense spending, and pakistan, while doing better to offer its citizens defense budget information, still reveals less than india. Indias defence budget 2015 16 e 2 we need a vast pool of highly skilled and qualified human resources for the defence industry. For the purposes of the 2015 16 portfolio budget statements, the dmo is a separate listed entity until 30 june 2015 and, accordingly, the dmo is presented as a separate entity for the 201415 year. Training a highly skilled workforce taking action to equip canadian workers with the skills required for new and better jobs in an increasingly competitive world. The budget was presented in the parliament by the minister of finance, ishaq dar on june 5, 2015. The chancellor of the exchequer delivered his budget to parliament on 18 march 2015. The first responsibility of a national government is the safety and security of its people. However, as compared to the revised estimate re of 201516, the growth in the new budget amounts to 11 per cent.
Each allied countrys ministry of defence reports current and estimated future defence expenditure according to an agreed definition of defence. The estimates of national expenditure 2015 is compiled with the latest available information from departmental and. Moreover, the 2016 budget shows a reduction in military spending. As set out in table 6 below, gross voted capital expenditure in 2015 will amount to over. Please note that due to the age of these documents they may not meet current web publishing requirements and may not be compatible with some software. The make in india policy to achieve greater selfsufficiency in the area of defence equipment, 18 including aircraft. Finance minister ishaq dar presented the budgetary proposals for financial year 2015 16 before the national assembly on friday.
Stay on the times of india to know the live update, latest news and headlines about indias union budget 2015 16. The three defence wings also collectively need more than 1,000 helicopters. I rise to present before this august house the statement of estimated receipts and expenditure for 2015 16 for indian railways. Oco it provides current nominal and constant real dollar historical data. Net defence budget variations between 2015 and 2016 are. The federal budget 201516 is the federal budget of pakistan for the fiscal year beginning from 1 july 2015 and ending on 30 june 2016. It ensures economic security for working people by putting the public finances in order and setting out a bold plan for a more productive, balanced economy. The discussion on the approach to the budget describes how the allocation of resources in the 2015 budget process continues to be determined based on functions of government, while noting that. If you do not already have such a reader, there are numerous pdf readers available for free download or for purchase on the internet. Military spending makes up nearly 16% of entire federal spending and approximately half of discretionary spending. Defence portfolio additional estimates statements 2015 16. Ministry of defence expenditure breakdown 201516 statista. Net defence budget variations1 between 2015 and 2016 are. However, as compared to the revised estimate re of 2015 16, the growth in the new budget amounts to 11 per cent.
All of these savings will be directly reinvested into the defence budget to enable investment in new capability to protect the uk. One area where the 201516 defence budget is likely to hurt the most is in capital acquisition, which has already been under acute pressure in. Mid year economic and fiscal outlook myefo 2015 16. For the purposes of the 201516 portfolio budget statements, the dmo is a separate listed entity until 30 june 2015 and, accordingly, the dmo is presented as a separate entity for the 201415 year. Changing composition of defence budget for 202021, expenditure on salaries form the largest portion of the defence budget rs 1,42,292 crore or 30% of the defence budget. As defence minister, i take this responsibility very seriously. Arabia and russia registered the highest levels of. From 2015 16 onwards, the tables included in the 2015 16 portfolio budget statements have been dissected to. Budget 2015 16 3 budget snapshot budget snapshot in the 2015 16 budget, the government has reaffirmed its commitment to growing the defence budget to two per cent of gdp within a decade. The budget was presented in the parliament by the minister of finance, ishaq dar on june 5, 2015 references. Portfolio budget statements 201516 budget related paper. Myth 4 is also incorrect since indias defence budget despite being the equal size of our total budget is much lower than us in terms of gdp.
Military spending makes up nearly 16 % of entire federal spending and approximately half of discretionary spending. It is to be noted that though the defence budget for 2015 16 has grown by eight per cent over the preceding years budget allocation, the growth rate amounts to 11 per cent over the revised allocation for 201415. Portfolio budget statements 201516 budget related paper no. Mar 18, 2015 the chancellor of the exchequer delivered his budget to parliament on 18 march 2015. Macroeconomic framework for the relevant financial year. The budget documents presented to parliament comprise, besides the finance ministers budget speech, of the following. Indian railway budget speech 201516 speech of shri suresh. To access a portable document format pdf file you must have a pdf reader installed. Highlights of union budget 2015 internet desk february 28, 2015 12. This is followed by pensions rs 1,33,825 crore or 28% of defence budget and expenditure on capital outlay rs 1,07,233 crore or 23% of defence budget. Indias defence budget 201516 manohar parrikar institute for.
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