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==Budget== The defence budget nearly tripled from 78.1 billion baht in 2005 to 207 billion baht for [[fiscal year|FY]]2016 (1 October 2015 – 30 September 2016), amounting to roughly 1.5% of [[GDP]].<ref name=AFP-20151104>{{cite news|title=Bullets, cluster bombs at Thai arms fair despite censure over junta rule|url=http://www.afp.com/en/news/bullets-cluster-bombs-thai-arms-fair-despite-censure-over-junta-rule|archive-url=https://web.archive.org/web/20240925131030/https://www.afp.com/en/news/bullets-cluster-bombs-thai-arms-fair-despite-censure-over-junta-rule|url-status=dead|archive-date=25 September 2024|access-date=8 November 2015|agency=Agence France Presse|date=2015-11-04}}</ref> The budget for FY2017 is 214 billion baht (US$6.1 billion)—including funds for a submarine purchase<ref name="NAR-20170202">{{cite news|last1=Macan-Markar|first1=Marwaan|title=Thailand and China: Brothers in arms|url=http://asia.nikkei.com/magazine/20170202/Politics-Economy/Thailand-and-China-Brothers-in-arms|access-date=2 February 2017|work=Nikkei Asian Review|date=2 February 2017|archive-url=https://web.archive.org/web/20170202020757/http://asia.nikkei.com/magazine/20170202/Politics-Economy/Thailand-and-China-Brothers-in-arms|archive-date=2 February 2017|url-status=dead|df=dmy-all}}</ref>—a nominal increase of three percent.<ref>{{cite news|title=Thai junta-picked MPs give military $124m budget hike|url=http://dailytimes.com.pk/business/09-Sep-16/thai-junta-picked-mps-give-military-124m-budget-hike|access-date=9 September 2016|work=Daily Times|agency=Agence France-Presse|date=9 September 2016|archive-url=https://web.archive.org/web/20160910101803/http://dailytimes.com.pk/business/09-Sep-16/thai-junta-picked-mps-give-military-124m-budget-hike|archive-date=10 September 2016|url-status=live|df=dmy-all}}</ref> The proposed budget again represents around 1.5% of GDP and eight percent of total government spending for FY2017.<ref>{{cite news|last1=Grevatt|first1=Jon|title=Thai government proposes small increase in defence spending|url=http://www.janes.com/article/60384/thai-government-proposes-small-increase-in-defence-spending|access-date=18 May 2016|work=IHS Jane's 360|date=2016-05-17|archive-url=https://web.archive.org/web/20160518100605/http://www.janes.com/article/60384/thai-government-proposes-small-increase-in-defence-spending|archive-date=18 May 2016|url-status=live|df=dmy-all}}</ref> The FY2018 defence budget is 220 billion baht, 7.65% of the total budget.<ref>{{cite news|title=15 years hike of defence budget|url=https://prachatai.com/english/node/7202|access-date=4 October 2017|work=Prachatai English|date=2017-06-13|archive-url=https://web.archive.org/web/20171004085850/https://prachatai.com/english/node/7202|archive-date=4 October 2017|url-status=dead|df=dmy-all}}</ref> According to ''Jane's Defence Budgets'', the Royal Thai Army generally receives 50% of defense expenditures while the air force and navy receive 22% each.<ref name="Chambers-2015" />{{RP|29}} The Ministry of Defense budget for [[Fiscal year|FY]]2021 is 223,464 million [[Thai baht|baht]], down from 231,745M baht in FY2020.<ref>{{cite web |title=Thailand's Budget in Brief Fiscal Year 2021 |url=http://www.bb.go.th/en/topic3.php?gid=1147&mid=763 |website=Budget Bureau |access-date=7 December 2020 |page=82 |date=2020-10-02}}</ref>
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