TSAMTO -
Thailand plans to increase defense spending in FY 2013 7% - up to 180.8 billion
baht (5.7 billion dollars). According to the budget committee of the
government, the military budget in 2013 fiscal year 7.5% of total government
spending, or about 1.45% of GDP.
According to
"Jane's Defence Industry" in 2013 fiscal year that begins in October
2012, the needs of the Army will be sent to the country about half of the
allocation for defense appropriations. Army will be 88.8 billion baht, Navy and
Air Force - 35.2 and 33.9 billion baht, respectively.
The
remaining 13 billion baht will be allocated between the Royal Guard, the
Ministry of Defense and the Institute of Defence Technologies (DTi).
Funding DTi,
established in 2008 to grow the most - by 35% (up to 1.2 billion baht). This
step is carried out under the leadership of Thailand's efforts to increase the
capacity of the national defense industry and research in the field of defense.
In defense research organizations in Thailand have been some successes. In
particular, in 2011 produced a prototype of the DTi MRL based on 302-mm setting
WS-1 produced in China (Institute acquired the project and related technologies
in China in 2009).
According to
experts of the International Monetary Fund (IMF), resulting in devastating
floods that occurred in 2011, the loss of the country amounted to nearly 50
billion dollars, bringing the country's GDP in 2011 will increase by only 0.1%.
At the same
time, according to April's review of "World Economic Outlook," IMF
experts believe that the Thai economy is the fastest growing in the region of
Southeast Asia over the next two years. According to the forecast, Thailand's
GDP will grow by 5.5% in 2012 and 7.5% in 2013.
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