Brunei boosts defense budget by 39%

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Brunei cadetsBrunei’s defense budget is expected to rise by 39 per cent in the upcoming fiscal year with a significant portion allocated for its special expenditure, the Brunei Times reported.

According to the Second Finance Minister during the 10th Legislative Council session on March 12, a total budget of $719 million has been proposed for the Ministry of Defense for the 2014/2015 fiscal year, an increase of $203 million from the previous year. A large portion in spending (31.8 per cent) will go towards “special expenditure”, while the previous year only incurred nine per cent of the budget.

As much as $184 million will be included in the special expenditure to support the replacement and upgrade of old assets that have reached the end of their life span, as well as to finance the acquisition of new assets in reducing the defense capability gap.

Meanwhile, the bulk of defense spending (44.6 per cent) will be allocated for payroll with a rise of 5.8 per cent from the previous year. The larger payroll was due to annual salary increments as well as promotions to higher appointment levels within the Royal Brunei Armed Forces as a whole and in phases, following the introduction of the Career Service Salary Increase Scheme Structure and the recruitment of more military officers.

Recurring expenses (23.6 per cent) are also slated to increase by one per cent to meet the maintenance costs of growing assets in line with the current operating profile and readiness of the armed forces.

“The provisions allocated hope to ensure the sustainability of national defense and preparedness,” said the minister.

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Reading Time: 1 minute

Brunei’s defense budget is expected to rise by 39 per cent in the upcoming fiscal year with a significant portion allocated for its special expenditure, the Brunei Times reported.

Reading Time: 1 minute

Brunei cadetsBrunei’s defense budget is expected to rise by 39 per cent in the upcoming fiscal year with a significant portion allocated for its special expenditure, the Brunei Times reported.

According to the Second Finance Minister during the 10th Legislative Council session on March 12, a total budget of $719 million has been proposed for the Ministry of Defense for the 2014/2015 fiscal year, an increase of $203 million from the previous year. A large portion in spending (31.8 per cent) will go towards “special expenditure”, while the previous year only incurred nine per cent of the budget.

As much as $184 million will be included in the special expenditure to support the replacement and upgrade of old assets that have reached the end of their life span, as well as to finance the acquisition of new assets in reducing the defense capability gap.

Meanwhile, the bulk of defense spending (44.6 per cent) will be allocated for payroll with a rise of 5.8 per cent from the previous year. The larger payroll was due to annual salary increments as well as promotions to higher appointment levels within the Royal Brunei Armed Forces as a whole and in phases, following the introduction of the Career Service Salary Increase Scheme Structure and the recruitment of more military officers.

Recurring expenses (23.6 per cent) are also slated to increase by one per cent to meet the maintenance costs of growing assets in line with the current operating profile and readiness of the armed forces.

“The provisions allocated hope to ensure the sustainability of national defense and preparedness,” said the minister.

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