Defence budget (Malaysia), Defence budget

Actual defence spending has exceeded the official budget regularly in recent years. According to the Malay Ministry of Finance Economic Reports, the difference is gradually decreasing however - perhaps indicating a more efficient and realistic defence budget. In 2005, the difference between the defence budget and defence expenditure was USD0.64 billion (about 25 per cent) but by 2008, the difference was just USD0.24 billion (5.7 per cent). The official budget is invariably supplemented by additional allocations for specific projects throughout the year, while a number of procurements come from alternative governmental funding streams. For instance, the indigenous 8 x 8 Armoured Fighting Vehicle (AFV) programme (known as the AV8 for the Malaysian Army) is financed from a special funding mechanism rather than from the defence procurement budget that will be allocated under the 10th Malaysia Plan.Budget documentation tends to break out defence spending into an operational budget and a development budget. The Ninth Malaysia Plan (2006-10) includes MYR15.3 billion in development funds for defence, 12 per cent less than the allocation for the previous five-year period. However, development funding for defence actually came to MYR16.0 billion over the 2006-2009 period and reached approximately MYR18.5 billion including funding for 2010. The Tenth Malaysia Plan (2011-15) allocated MYR23 billion in development funds to the national security sector.The Malaysia state budget for 2011 stands at MYR212 billion, 2.8 per cent higher than the previous year. Of this, RM162.8 billion is for operating expenditure and RM49.2 billion for development expenditure. The annual Economic Report

The complete article appears in the following publication:
Publication Title	Sentinel Security Assessment - Southeast Asia
Publication date	Mar 12, 2012
Section	Defence budget
Publication synopsis	Jane's Sentinel Country Risk Assessments provide you with in-depth, up-to-date and accurate data and analysis on the latest events and trends in political, security and economic affairs. They provide a comprehensive one-stop information source covering 190 states and 30 territories. Jane's worldwide intelligence network of over 120 expert contributors delivers incisive and impartial analysis to help you protect your economic, strategic and political interests. The new Security file allows prompt and reliable analysis on every country's security, primarily in the areas of terrorism and insurgency state stability international relations organised crime proliferation and procurement Political files provide overviews of the political system, political actors and parties, cabinet lists, civil society and internal history. External files detail all relevant bilateral and multilateral relations and history. Defence files offer profound analysis of, and information on, all services of a country's military, its size, capabilities, requirements, weaknesses, strengths and orders of battle.
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