Indonesia Cuts Defence Budget by USD588 million
Indonesia Navy rescheduled next three submarines cause of covid-19 (photo : PAL)
Indonesia has cut its 2020 defence budget by nearly IDR9 trillion (USD588 million) in response to Covid-19.
The reduction was included in a recently formalised presidential regulation that requires several ministries to help fund a government economic stimulus package valued at IDR436 trillion.
According to Presidential Regulation No. 54/2020, the Ministry of Defence’s (MoD’s) budget for 2020 will fall from IDR131.2 trillion to IDR122.4 trillion. The IDR8.8 trillion cut is equal to a fall of nearly 7%.
However, the new 2020 defence allocation still represents a strong increase of around 13% compared with the 2019 defence budget of IDR108 trillion.
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