Monday, August 30, 2010
Thai budget makes provision for second Gripen batch
Thailand's House of Representatives approved a Fiscal Year 2011 (FY11) defence budget of THB170 billion (USD5.4 billion) on 26 August, an expenditure that includes funds allocated to a second batch of six Saab JAS 39 Gripen fighter aircraft for the Royal Thai Air Force (RTAF).
The allocation is a 10 per cent increase over actual defence spending in FY09 and accounts for 8 per cent of the total national expenditure. It is equal to approximately 1.7 per cent of GDP.
Between 25 and 30 cent of the defence budget is earmarked for capital expenditure, which includes a down payment on six JAS 39 Gripens and funding for the mid-life upgrade of the RTAF's Lockheed Martin F-16A/Bs.