Huge armed forces budget approved
- Published: 30/07/2013 at 07:11 PM
- Online news:
The cabinet on Tuesday approved a 16.3 billion baht budget for the armed forces to spend on a variety of projects aimed at enhancing national defence, a cabinet source said on Tuesday.
The navy received a tied-over five year budget of almost 15 billion baht, while 718 million baht was allocated to the air force and 600 million baht to the army for the next fiscal year, the source said.
The navy is to spend the budget on procuring a new frigate from South Korea's Daewoo Shipbuilding and Marine Engineering, to be used for sea and anti-aircraft combat.
The navy has allocated a 30 million baht budget to procure two new frigates to replace HTMS Phutthayotfa Chulalok and HTMS Phutthaloetla, scheduled to be decommissioned 2015 and 2018 respectively.
The air force is to spend its money on repairing and renovating its fleet.
The army will meanwhile use its budget for a Thai-Israeli joint project to increase the production of the black powder used in grenade launchers.
Deputy Prime Minister Niwatthamrong Bunsongphaisan chaired the cabinet meeting to approve the budget, because Prime Minister Yingluck Shinawatra is on a trip to South Africa. Ms Yingluck is also defence minister.
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Writer: Wassana Nanuam