By Lt Gen Prakash Katoch
27 Oct , 2016
Defence Budget 2016-2017 amounted to a ‘negative budget’ over the previous year, merely cut-pasting the previous year’s allocation.
The Finance Minister’s speech in Parliament for Union Budget 2016-2017 on February 29, 2016 placed on the net contained less than 12 lines on defence that read, “Defence of every square inch of our mother land comes before anything else. So far, we have been over dependent on imports, with its attendant unwelcome spin-offs. Our Government has already permitted FDI in defence so that the Indian-controlled entities also become manufacturers of defence equipments, not only for us, but for export. We are thus pursuing the Make in India policy to achieve greater self-sufficiency in the area of defence equipment, including aircraft. Members of this august House would have noted that we have been both transparent and quick in making defence equipment related purchase decisions, thus keeping our defence forces ready for any eventuality. This year too, I have provided adequately for the needs of the armed forces. As against likely expenditure of this year of 2,22,370 crore the budget allocation for 2015-16 is 2,46,727 crore.”