{"id":30574,"date":"2018-10-26T16:48:47","date_gmt":"2018-10-26T11:18:47","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=30574"},"modified":"2018-10-26T16:48:47","modified_gmt":"2018-10-26T11:18:47","slug":"mof-declines-3-gdp-allocation-for-defence","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/mof-declines-3-gdp-allocation-for-defence\/","title":{"rendered":"MoF declines 3% GDP allocation for defence"},"content":{"rendered":"<p><a href=\"http:\/\/www.thehindu.com\/todays-paper\/tp-national\/mof-declines-3-gdp-allocation-for-defence\/article23266302.ece\"><strong>MoF declines 3% GDP allocation for defence<\/strong><\/a><\/p>\n<p><strong>Context <\/strong><\/p>\n<p>The Finance Ministry has declined a recommendation from the Parliamentary Standing Committee on Defence to have a fixed allocation of 3% of GDP for the Defence Ministry, a report of the Committee has stated<\/p>\n<p><strong>Rationale given by MoF<\/strong><\/p>\n<p>MoF said that since government resources come with definite cost, resource allocation is made among various competing priorities.<\/p>\n<ul>\n<li>Thus, defence expenditure as definite percentage of total government expenditure\/GDP cannot be ensured considering the fact the resource allocations are made on need basis<\/li>\n<li>Also, rationalisation of the expenditure is the prime objective of the government while finalising the revised estimates during mid-year review<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>MoF declines 3% GDP allocation for defence Context The Finance Ministry has declined a recommendation from the Parliamentary Standing Committee on Defence to have a fixed allocation of 3% of GDP for the Defence Ministry, a report of the Committee has stated Rationale given by MoF MoF said that since government resources come with definite&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/mof-declines-3-gdp-allocation-for-defence\/\">Continue reading <span class=\"screen-reader-text\">MoF declines 3% GDP allocation for defence<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-30574","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704712819},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/30574","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=30574"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/30574\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=30574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=30574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=30574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}