Not only America, some other important countries also have provisions for this kind of budget. Somewhere it is also understood by some other names. Where does it mean, let you know.
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10 percent of the budget in America is ‘black’If the estimated annual US budget is $ 700 billion, then about 10 percent of it is part of the black budget. This budget of the US Department of Defense is meant to fund ‘black projects’. That is, such projects which the Defense Department considers very sensitive and confidential. In 2008, Black Ajat was worth $ 30 billion, but in 2009 it was $ 50 billion.
The black budget in America is highly confidential.
Many projects related to the black budget in America are hidden from elected representatives and officers. Only a select few of the Congress get to know about it, that too with code name and secret figures. In the US, such a budget started with the National Security Act 1947. The US government has claimed that the black budget is used for defense related research, which is a matter related to science and technology.
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It is said that quoting the latest data, at the time of Trump administration, a demand of $ 81.1 billion was placed for the 2019 black budget.
Black budget is bigger in Russia
Assuming the estimates of Moscow-based think tank Gaidar Institute, the black budget in Russia is very large. In 2015 it was 21 per cent of the total budget i.e. 3.2 trillion rubles. And this figure was double the 2010 black budget. It is said that during the tenure of Russian President Vladimir Putin, the budget for Russian military has increased significantly.
‘Special funds’ is name in France
The black budget is issued in France under the name of Special Funds. It is said that ministers use these funds for themselves illegally. There is no law regarding the black budget here, although the black budget is decided every year by the vote of the depts.
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Politics on this in Turkey
In Turkey, the opposition was accused of having a discretionary fund and a bill that President Ardean wants to take over the National Intelligence Organization. At the same time, according to the law in Turkey, more than 0.5 percent of the budget of secret operations cannot be spent, but there is a provision of an additional 2 percent as a supplement.
The budget that Yashwantrao Chavan presented in 1973-74 was called the Black Budget in India.
What does black budget mean in India and New Zealand?
The budget that Yashwantrao Chavan presented in 1973-74 was called the Black Budget. One of the reasons for this was to have a deficit budget of Rs 550 crore and secondly, it was also important that Rs 56 crore was allocated in this budget for the nationalism of coal mines. These provisions were made to make coal supply in power, cement and steel industries uninterrupted.
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However, this decision proved counterproductive in the coming times and coal production in the country was greatly affected, which led to India importing coal. Not only this, this budget was also responsible for drought and war in Bangladesh. Due to such reasons, it has been called ‘Black Budget’ in the history of the country.
In 1958, in New Zealand, in the budget presented by the government, taxes on beer, tobacco, ignorant petrol were increased significantly. Not only was this budget called the ‘Black Budget’ but the government suffered in 1960, and the political career of the Finance Minister presenting it was almost over in the next few years.