NEW DELHI -- Minister of State for Defence, Rao Inderjit Singh today asked the armed forces to "prioritise" their requirements in view of the limited budget and also spend the allocated money efficiently.
"You should set priorities. While making the budget, instead of giving a wish list, you should give a priority list. Since we are a developing country, we have to spend money on our other needs as well," Singh said.
He was speaking at the 268th Foundation Day Ceremony of the Defence Accounts Department, which was also attended by Defence Secretary G Mohan Kumar, air force chief Arup Raha, who is also the Chief of Staff Committee (COSC), Financial Advisor of Defence Services (FADS) Sudanshu Mohanty.
Singh said although the defence budget is around Rs 3.4 lakh crore, it is not being spent fully.
"Money should be utilised efficiently. If anything is available for Rs 10, it should not be procured at Rs 100 and that too without compromising on the quality and in a limited time frame," the minister said.
Singh also commended the role of the Defence Accounts Department for its sincere efforts in helping the Government to implement the long overdue One Rank One Pension (OROP) scheme for ex-servicemen.
Raha said the money allocated in the budget is insufficient as compared to the demands and this can be observed across all government departments.
"The funds allocated in the budget is always insufficient."
It is not only in armed forces but also in other government departments. Whenever we interact with the armed forces of developed countries, we hear the same thing from them that the money allocated in the budget is insufficient for the procurements for sustaining operations.
"So it is not the question of how much (money) is there in the budget, but it is more important on how do we spend that money quickly or efficiently so that we get the best results.
So my mantra is utlilise full allocation of budget in a stipulated time in the best possible way to get best results," the Air Force chief said.