Defence Minister Rajnath Singh has congratulated Finance Minister Nirmala Sitharaman for presenting the budget for the Financial Year 2024-25. In a social media post, Mr Singh said that this budget will help in moving towards making a prosperous and self-reliant ‘Viksit Bharat’. He mentioned that inspired by Prime Minister Narendra Modi’s vision of inclusive and fast-paced development, this budget will accelerate India’s economic transformation. Mr Singh also thanked the Finance Minister for the highest allocation to the Ministry of Defence amounting to Rs. 6,21,940.85 crore. The budget allocation to the Defence Ministry is 12.9 per cent of the total budget.

The Defence Minister said that the capital outlay of Rs. 1,72,000 crore will further strengthen the capabilities of the Armed Forces. He highlighted that earmarking Rs. 1,05,518.43 crore for domestic capital procurement will provide further impetus to Atmanirbharta. Mr Singh emphasized that Border Roads have received a 30 per cent increase in allocation over the last budget under the capital head. He stated that the allocation of Rs. 6,500 crore to BRO will further accelerate our border infrastructure.