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The military budget or defence budget of India is the portion of the overall budget of Union budget of India that is allocated for the funding of the Indian Armed Forces. The military budget finances employee salaries and training costs, maintenance of equipment and facilities, support of new or ongoing operations, and development and ...
The following lists are of countries by military spending as a share of GDP—more specifically, a list of the 15 countries with the highest share in recent years. The first list uses the Stockholm International Peace Research Institute as a source, while the second list gets its data from the International Institute for Strategic Studies .
The military budget of India is about 1.49% for the year 2018–19 of the total GDP. [15] However, it spends nearly an equal amount in importing defence equipment from other countries. Its defence expenditure for the 2017–18 fiscal year, based on allotments by its Ministry of Finance was ₹86,488 crores for defence capital and ₹2,96,000 ...
Between April 2015 and March 2016, India allocated $40 billion to Defence Services, $10 billion to Defence (Civil Estimates) and another $10 billion to the Home Ministry for Paramilitary and CAPF forces – a total allocation for defence and security of about $60 billion for the financial year 2015–16.
The UAE, for which recent data is not available, has also spent historically large amounts of money on the military on a per capita basis. The UAE had a per capita spending of $2470 per person back in 2014, making it the second highest spender in that year just after Saudi Arabia, [ 1 ] but by 2020 that number had fallen to $2204.
A Military Department was created in the Supreme Government of the English East India Company at Kolkata in the year 1776, having the main function to sift and record orders relating to the Army issued by various Departments of the Government of East India Company. The Military Department initially functioned as a branch of the Public ...
Defence allocation ₹ 2, 24, 000 crore (US$37. 15 billion prevailing average exchange rate). 2013-14 defence budget is exclusive of Rs 53, 582. 15 crore for defence pension, including for defence civilians. It also includes Rs 500 crore on account of the government's One Rank One Pension (OROP).
Global military expenditure in 2023. A military budget (or military expenditure), also known as a defense budget, is the amount of financial resources dedicated by a state to raising and maintaining an armed forces or other methods essential for defense purposes.