Thailand Raises Defence Budget 5%
Starstreak of the Thai Army, which provide a total of 8 sets worth 378 million baht.
Thailand's military government has proposed a 2015 defence budget of THB193 billion (USD6 billion), representing a 5% increase over spending in 2014. The funding represents approximately 8% of the total government expenditure during the 2015 fiscal year, which commences 1 October 2014.
The budget, announced on 15 July, has been drafted by the National Council for Peace and Order (NCPO) - Thailand's de facto cabinet led by Commander-in-Chief of the Royal Thai Army (RTA) General Prayuth Chan-ocha. It is scheduled to receive official approval in late July.
A breakdown of the defence budget has not yet been revealed by the NCPO.
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