Military Spending To Soar A Further 24%

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military spending to soar a further 24%

Thu, June 28, 2007 : Last updated 0:21 am (Thai local time)

Crisis in the South opens a window of opportunity for defence chiefs

With a budget increase of 24 per cent to Bt143 billion for 2008, not to mention this year's Bt115 billion - a 33-per-cent jump over 2006 - morale is certain to be on the upswing in the country's armed forces.

It's a huge change from 10 years ago when the 1997 financial crisis spurred a 25-per-cent cut in military spending.

The Nation

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