Def Sec & BiRa visited AWC the day before yesterday. They gave a presentation stating the dire fund state of IA.
There was even a suggestion of reducing/stopping pensions.
Presentation was given by Def Sec. He confided that the Def Forces will not be able to even honour committed liabilities by next year to 2022.
3 x Options to help partially mitigate the financial crunch involved:-
Sale of Def Land to buy eqpt (most likely).
Lease of Def Land & facilities (including sharing basis) to/with civilians. (Also likely)
Impose a Defence Modernisation Cess (unlikely).
On being questioned by a Naval Offr about the ridiculousness of the Defence Forces to be made to pay for its eqpt by selling it's land