Huge armed forces budget approved
- Published: 30 Jul 2013 at 19.11
- 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.
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