Ideally, resource allocation needs to be based on the strategic goals to be achieved. Presently, we follow incremental budget process, which is widely accepted as suboptimal. Therefore, there is a need to find a more suitable model to replace the existing one.
India’s Defence Budget (2010-2011): Wake up call for Defence Managers
Given that allocations for revenue expenditure are likely to become lesser in coming years, defence managers need to initiate immediate measures to control the rising revenue expenditure.