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Thai government urged to reduce defence budget to fund welfare projects

Thai government urged to reduce defence budget to fund welfare projects

14 Sept 02:47 Key points summarised by AI
  • A Thammasat University economist urges the Thai government to significantly reduce defence spending and reallocate funds to bolster welfare projects for the poor, pensioners, and to stimulate the grassroots economy.
  • The current budget framework is criticized for prioritizing permanent expenditure and defence, with public welfare allocation at a mere 2.6% of GDP, significantly lower than developed countries.
  • Critics highlight that substantial military procurement, such as new fighter jets, is inappropriate amidst widespread economic hardship, advocating for these funds to be redirected to essential social programs and economic stimulus.
  • Past political interference has reportedly skewed budget allocations away from public needs, with the military planning an additional 400 billion baht over ten years for defence projects.
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