Thailand launches 10-year military modernisation programme

Jon Grevatt, Bangkok – IHS Jane’s Defence Weekly

02 March 2017

Thailand’s government has launched a 10-year military development programme through which it intends to address some of its major challenges, including ongoing insurgency in the south.

The ‘Modernisation Plan: Vision 2026’, which was announced by the Ministry of Defence (MoD) on 27 February, contains three objectives: to improve the preparation of the Thai military, to enhance capabilities, and to modernise related structures.

The modernisation plan does not provide a specific list of required military assets or capabilities but does provide an outline for Thailand to increase defence spending from the existing 1.4% of GDP to 2% of GDP by the end of the decade, officials confirmed to Jane’s.

Original post: janes.com

****-END-****

Current budget is approximately $6 billion therefore according to projected GDP by 2020 the defense budget would likely be $9 billion *Note there is no forecast to 2026

Thailand GDP Last Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.4 1 0.5 0.9 1 0.8
GDP Annual Growth Rate 3 3.4 3.2 3.1 3.5 3
GDP 395 420 420 420 420 448

Source tradingeconomics.com

Related post:

Thai lawmakers give military US$124m budget hike

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