Malaysia has announced a 2020 defence budget of MYR15.58 billion (USD3.7 billion). The allocation represents a 12% increase over the original expenditure in 2019 but a small rise to compared to a subsequent revision of that budget.
Finance Minister Lim Guan Eng said in his budget speech on 11 October that defence funding in 2020 will be used to enhance the "readiness" and "mobility" of the Malaysian Armed Forces. "Enhanced readiness includes meeting the changing nature of threats such as having fast interceptor crafts for safeguarding the waters of Sabah," he said.
According to budgetary documents, the 2020 defence budget provides MYR12.49 billion for military management expenses - including operations and salaries - and MYR3.08 billion for development, including procurement activity.
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