Coronavirus lacerates Thai naval spending
The COVID-19 outbreak has now struck down the annual budget of the Royal Thai Navy (RTN), which is being slashed by a third.
In total, the service will endure a cut of THB4.1 billion ($126.3 million), according to RTN spokesman Prachachart Sirisawat.
Out of the military’s three armed forces, the RTN will suffer the severest pruning of its budget, as the government ordered every ministry to reduce spending by 10% to help deal with the pandemic.
This decrease will obviously impinge upon important Thai naval contracts. The RTN has not yet signed on the dotted line for two additional Chinese-built
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