Thailand's Defense Budget for 2019 will be 7.23 billion USD

27 Februari 2019

Stingray tank of the Thai Army (photo : TAF)

TSAMTO - Thailand’s defense budget for fiscal 2019 was approved at 227 billion baht (7.23 billion dollars), which is estimated at about 1.4% of gross domestic product.

According to SCMP.com, thus, despite the criticism of the opposition, the state managed to achieve approximately comparable defense spending with its neighbors.

So, on February 18, Singapore announced military spending for FY2019. in the amount of 11.4 billion dollars (3.4% of GDP.). At the same time, the increase in expenses amounted to 4.7% compared with the previous financial year.

Indonesian authorities expect Jakarta’s defense spending to increase by 20% by 2024, or to $ 9.9 billion from the current $ 7.2 billion.

According to the TSAMTO database, the bill on military expenditures in Fy 2014, which was put to vote by the National Legislative Assembly of Thailand. amounted to 5.660 billion dollars, in 2015 - 5.655 billion dollars, in 2016 - 5.820 billion dollars, in 2017 - 6.160 billion dollars, in 2018 f. - 6.500 billion dollars. In relation to the gross domestic product, the defense budget practically did not grow and averaged 1.4% on average.

(ArmsTrade)