At the end of the third quarter of Financial Year (FY) 2015-16, 40 per cent (Rs 37,000 crore out of Rs 93,675 crore) of the capital budget of the armed forces remained unspent. As it will not be possible to spend all of the remaining funds in the January-March 2016 quarter, approximately Rs 15,000 to Rs 20,000 crore (15 to 20 per cent) may be returned unspent. During the previous FY 2014-15, 22 per cent of the Rs 80,545 crore amount that was initially provided for the capital budget had remained unspent. (The capital budget is utilised for the replacement of obsolete weapons and equipment and modernisation, while the revenue budget is meant for pay and allowances, ammunition, rations, transportation and maintenance etc.)
http://www.vifindia.org/article/2016/february/25/defence-budget-2016-17-needed-more-funds-and-timely-spending
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