Thailand Outlines Modest Growth for 2020 Defence Budget

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,...

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.

Want to read more? For analysis on this article and access to all our insight content, please enquire about our subscription options at ihsmarkit.com/janes

Source: www.janes.com