Budget 2020

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Budget 2020 / China spends more on education than the budget of India; America’s defense budget is more than double our year’s expenditure

new Delhi. The people of the country are eyeing the budget to be presented on February 1. Last year i.e. for 2019-20, a budget of Rs 27 lakh 86 thousand 349 crore was presented, which was 13.4% higher than the budget of 2018-19. China only spends more on education than our budget last year. According to China’s government data, till October 2019 it spent 2876.8 billion yuan (29 lakh 58 thousand crore) on education. Our defense budget in 2018-19 was 4 lakh 31 thousand 011 crore. Out of this, 3 lakh 5 thousand 296 crore rupees were for the three armies. On the other hand, the US defense budget in 2019-20 was $ 718 billion (Rs 51.21 lakh crore), which is almost double of our total budget.

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