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    Home Budget 2023 | Defence sector gets lion’s share
    Finance

    Budget 2023 | Defence sector gets lion’s share

    InvestPolicyBy InvestPolicyFebruary 1, 2023No Comments1 Min Read
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    Budget 2023 | Defence sector gets lion’s share
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    Union Finance Minister Nirmala Sitharaman presents the Union Budget 2023-24 in the Lok Sabha in New Delhi on February 1, 2023.
    | Photo Credit: PTI

    As Union Minister Nirmala Sitharaman presented the Union Budget 2023-24, the allocation of money to major Ministries presents a clear picture of the Modi govt.’s focus on revamping the economy.

    Defence Ministry was allocated ₹5,93,537 crore, up from last year’s ₹5.25 lakh crore. while Road Transport and Highways received ₹2,70,434 crore.

    The Education Ministry received ₹1,12,899 crore, marginally higher than the 2022 Budget where ₹1.04-lakh crore was allocated for the education sector.

    The Finance Ministry received ₹16,89,719 crore, the Home Ministry was given ₹1,96,034 crore, and the Ministry of Health and Family Welfare was allocated ₹89,155 crore.

    Rural Development Ministry was given ₹1,59,964 crore.

    The Consumer Affairs, Food and Public Distribution was allocated ₹2,05,764 crore, while the Home Affairs Ministry received ₹1,96,034 crore. Chemical & Fertilizers Ministry was given ₹1,78,481 crore and the Ministry of Rural Development was allocated ₹1,59,964 crore.

    Agriculture & Farmer’s Welfare was given ₹1,25,035 crore while the Communications Ministry was allocated ₹1,23,393 crore.

    2023 budget Budget 2023 Budget 2023 defence sector budget 2023 India budget 2023 news budget money allocation budget money source budget news the hindu Defence money allocation defence sector budget defence sector in budget 2023 defence sector news in budget defence sector share budget defence sector stocks Education sector Education sector in the budget education sector money allocation Money allocated to the education sector Nirmala Sitharaman The Hindu budget news Union Budget 2023
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