05 September 2019
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Thailand increase 2.7% of defence budget in 2020 (photo : Military Armed Forces)
Thailand's cabinet has approved a draft 2020 defence budget of THB233.35 billion (USD7.6 billion). According to a document published by the government's Budget Bureau, the expenditure is a 2.7% increase over the 2019 defence budget of THB227.12 billion.
The new defence budget is worth about 7% of total government expenditure in fiscal year 2020, which starts in October 2019. The defence allocation also amounts to about 1.4% of GDP.
The Budget Bureau document shows that the Royal Thai Army (RTA) will receive the bulk (49%) of the 2020 defence expenditure, with an appropriation of THB113.67 billion, which is a 2% increase over its expenditure in 2019.
(Jane's)
Thailand's cabinet has approved a draft 2020 defence budget of THB233.35 billion (USD7.6 billion). According to a document published by the government's Budget Bureau, the expenditure is a 2.7% increase over the 2019 defence budget of THB227.12 billion.
The new defence budget is worth about 7% of total government expenditure in fiscal year 2020, which starts in October 2019. The defence allocation also amounts to about 1.4% of GDP.
The Budget Bureau document shows that the Royal Thai Army (RTA) will receive the bulk (49%) of the 2020 defence expenditure, with an appropriation of THB113.67 billion, which is a 2% increase over its expenditure in 2019.
(Jane's)