Defence Budget

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  • India’s Defence Budget 2013-14: A Bumpy Road Ahead

    A GDP growth of less than seven per cent combined with the fiscal consolidation path that the Finance Minister has articulated in his budget speech means a lot of pressure on the defence ministry whose plan for current and future expenditure up to 2017 is based on past GDP growth rate of 8 to 9 per cent.

    March 04, 2013

    The Defence Budget 2013-14: Reasonable in the Existing Circumstances but Need for Re-orientation and Reform

    There is a need for an overhaul of the defence planning and budgeting systems to make them outcome oriented, which will lead to the development and maintenance of requisite capability through the defence forces as an entity over a specified long-term horizon.

    March 04, 2013

    India’s Defence Budget: Trends Beyond the Numbers

    In the larger scheme of things, fiscal prudence is a good trait and the reduction in deficits desirable, yet an overtly ambitious approach of reducing deficits into a number game may lead to developments that may hurt us not only in the security arena but in economic growth as well.

    March 04, 2013

    Economic moorings of the defence budget

    While the anguish over the state of modernization of the armed forces, the slow march towards achieving the capability for simultaneous action on two-fronts and rather feeble power projection on a global scale are understandable, what is not understandable is the expectation that the outlays for achieving these objectives would increase exponentially, irrespective of the state of the economy.

    February 27, 2013

    Defence Budget 2013-14: An upcoming tight spot

    The prospects of allocation for the next year being less than the allocation for the current year are remote because of the immense implications it would entail, although it is likely that the growth in the budgetary allocation for the next fiscal may be less than what has been the case in the past.

    February 11, 2013

    Capital Acquisition Budget: Factors Affecting its Utilization

    It is almost customary to blame underutilization of the capital acquisition budget on defective planning, apathy of the civilian bureaucracy and procedural complexities. This view, however, does not take into account several factors that are external to the Ministry of Defence.

    December 26, 2012

    Cut in Defence Budget 2012-13: Prospects and Consequences

    On the capital side, there may not be much of an adverse impact of reduction in allocation if the MMRCA contract gets pushed to the next year. On the revenue side, procurement of ammunition and other equipment as well as maintenance of legacy systems would be adversely affected.

    November 14, 2012

    India’s Defence Budget 2012-13

    An expansionary fiscal policy has been the prime mover for the large increase in the budget of the defence ministry, which would otherwise have come under severe budgetary pressure.

    March 20, 2012

    Outcome Budgeting for Naval Dockyards

    The Indian Navy (IN) has one Naval Dockyard (ND) each at Mumbai and Visakhapatnam and one Naval Ship Repair Yard (NSRY) each at Kochi, Port Blair and Karwar. The repair and refit requirements of IN ships and submarines are collectively met by the above mentioned repair agencies. NDs have the capacity and capability to handle Major Refits (MR). The Operational-cum-Refit cycle of each ship / class of ship is promulgated by IHQ MoD (N) from time to time.

    April 2011

    Outcome Budgeting in India: The Need for Re-Engineering

    The transformation from the comforts of outlay budgeting to an environment of accountability with outcome budgeting is difficult but not impossible. This re-engineering is essential as in the absence of outcome budgeting, budget management may be ineffective and ineffective budget management would weaken the Public Financial Management (PFM) system. A weakened PFM could even threaten established economic, social and political equilibriums.

    April 2011

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