09 September 2016
Royal Thai Navy fleet (photo : thai defense news)
Thailand's National Assembly has approved a 2017 defence budget of THB210.7 billion (USD6 billion), the country's military government said on 8 September.
The 2017 defence budget amounts to 7% of total government expenditure during the year and comes into effect from October. The government said the 2017 defence allocation represents a slight increase, or THB220 million, over actual military spending in 2016.
Documents published by the government's Bureau of the Budget show that the new defence allocation is a 2% increase over the original 2016 expenditure of THB206.4 billion. It is also notable that the approved budget for 2017 is a decrease on the THB214 billion requested by the Ministry of Defence earlier this year.