To make this website work, we log user data. By using Shephard's online services, you agree to our Privacy Policy, including cookie policy.

×
Open menu Search

Malaysia slashes 2017 defence budget

25th October 2016 - 10:00 GMT | by Gordon Arthur in Hong Kong

RSS

The defence budget announced by Malaysia on 21 October has taken a serious slash compared to a year earlier. The amount allocated to the Ministry of Defence for 2017 is MYR15.06 billion (US$3.6 billion), equating to a 13% drop.

The budget has fallen to 2012 levels, and it represents the largest single cutback since 1998.

Most of the budget is for emolument or management expenses (MYR11.68 billion), but it also includes a development expenditure for buying new equipment. The latter has suffered an MYR440 million reduction to MYR3.37 billion, the new figure representing the lowest development expenditure since 2014.

Major

Already have an account? Log in

Want to keep reading this article?

Read this Article

Get access to this article with a Free Basic Account

  • Original curated content, daily across air, land and naval domains
  • 2 free stories per week
  • Personalised news alerts
  • Daily and weekly newsletters
Create account

Unlimited Access

Access to all our premium news as a Premium News 365 Member. Corporate subscriptions available.

  • Original curated content, daily across air, land and naval domains
  • 14-day free trial (cancel at any time)
  • Unlimited access to all published premium news
Start your free trial
Gordon Arthur

Author

Gordon Arthur


Gordon Arthur was the Asia Pacific editor for Shephard Media. Born in Scotland and educated …

Read full bio

Share to

Linkedin