Thailand’s military government has set a defence budget of THB227.67 billion (USD7.1 billion) for fiscal year 2019.
Documents published by the government’s Bureau of the Budget show that the new expenditure is an increase of THB9.16 billion – or 4.2% - over actual defence spending in 2018.
The defence budget accounts for 7.6% of proposed national expenditure for 2019 and about 1.4% of GDP. The expenditure – tabled by Prime Minister Prayut Chan-o-cha on 7 June and approved by the National Legislative Assembly on the same day – comes into effect at the start of the fiscal year in October 2018.
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