15 Juni 2017
RTAF Gripen flyby of HTMS Chakri Naruebet (photo : Bangkok Post)
Thailand’s military government has proposed a defence budget of THB222.4 billion (USD6.5 billion) for 2018, representing a year-on-year increase of about 5%.
New documents published by the budget bureau show that the 2018 defence budget amounts to 7.7% of total government spending in the year.
The budget was approved by the National Assembly on 8 June and will come into effect in October 2017.
A breakdown of the new defence budget was not announced but Jane’s understands that it features an increase in funding for operations, which will be directed to tackling long-running insurgency in the south of the country.