Finance Ministry to seriously consider 1% GDP allocation for defence | The Malaysian Insight

Finance Minister Lim Guan Eng says his ministry will seriously consider the request to allocate 1% of Malaysia's gross domestic product to defence if the economic situation allows it. – The Malaysian Insight pic by Nazir Sufari, December 3, 2019.

THE Finance Ministry will give serious consideration to the Defence Ministry’s request for a 1% allocation of the gross domestic product each year for the defence sector, said its minister Lim Guan Eng. “If the economic situation allows it, then it will surely be given serious consideration,” he said when commenting on the request by Defence Minister Mohamad Sabu yesterday on a minimum of 1% allocation from the GDP of every national budget for the defence sector.

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