39% hike for defence

Thursday, March 13, 2014

BRUNEI’S defence budget is expected to rise by 39 per cent in the upcoming fiscal year with a significant portion allocated for its special expenditure.

According to the Second Finance Minister during the 10th Legislative Council (LegCo) session yesterday, a total budget of $719,150,770 has been proposed for the Ministry of Defence (MinDef) for the 2014/2015 fiscal year, an increase of $203,112,100 from the previous year.

[For more Legislative Council reports, click here]

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.

Yang Berhormat Pehin Orang Kaya Laila Setia Dato Seri Setia Hj Abdul Rahman Hj Ibrahim also announced that provisions for security and defence under the Ministry of Finance will be transferred and included into the special expenditure for MinDef.

“This is to ensure accountability in the management of spending and implementation of projects,” he explained.

As much as $183,593,900 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 defence capability gap.

Meanwhile, the bulk of defence 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 (RBAF) 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 defence and preparedness,” said the minister.

The Brunei Times 

***

For news videos and features, visit this page and drop by next time to see the latest. View a few vids and leave a comment if you wish. We also have a site for our interactives.

We have our daily web newscast. Our journalists take turns presenting our news summaries so you know tomorrow’s stories even before they are printed. You may visit this directory to see when new editions are up on the site. You may also subscribe to our Youtube channel so you get the new vids once we upload them.

We’ve ‘bookmarked’ the interesting stories/pages of The Brunei Times for you.

Check out our young columnists. Excessive Thoughts. On The Road. Refresh. Tech Brat. If you disagree, feel free to leave a comment.

When a reader is not happy about something and wants Brunei to know about it or act on a problem or issue, this is where the complaint is posted.

Have a good day.           

[VISIT our multimedia features page. CLICK on this link to find pages that list some of the interesting content of the paper as well as its popular pages. FOLLOW us on Facebook and Twitter.]


Feel free to comment on this article using your Facebook account. By submitting your comment, you agree to the Terms and Conditions for the use of this comments feature, as stated here.