The Jakarta Post
In an attempt to improve its military force, the government committed on Monday Rp 99 trillion (US$11.2 billion) to spend on defense equipment until 2014.
National Development Planning (Bappenas) Minister Armida Alisjahbana said that from the total budget allocated, Rp 32.5 trillion would go to the maintenance of existing defense equipment, while the rest would be used to procure a new main weaponry systems.
“The Defense Ministry has put forward its shopping list and will coordinate with the finance minister now,” Armida told reporters after a closed meeting with President Susilo Bambang Yudhoyono in Jakarta.
Defense Minister Purnomo Yusgiantoro revealed that the budget needed would be financed by domestic and foreign loans and from the state budget.
“We agree that foreign loans must not burden us,” he said.
The meeting, which was only attended ...