Defense ministry seeks 5.1% increase in next year's budget
The defense ministry is seeking a 5.1 percent increase in its budget for next year mainly to expand welfare measures for service members, including an increase in wages, officials said Tuesday.
The ministry has formulated a 34.6 trillion won ($30.9 billion) budget for 2013, up from this year's 33 trillion won, and plans to submit that proposal to the National Assembly on Tuesday of next week for approval, officials said.
Of the total, 24.1 trillion won is set aside for troop maintenance, a 4.6 percent increase from this year's budget, and the remaining 10.5 trillion won is earmarked to improve defense capabilities, a 6.3 percent increase from this year, officials said.
A main focus of next year's budget increase is on improving barracks life, officials said.
The ministry plans to raise the monthly wage for conscripted service members, with the wage of corporals set at 112,100 won, up 14,600 won from this year, plus provide them with more socks, athletic shoes and other supplies, and set up more sports facilities.
On the combat front, the ministry set aside 6.7 billion
Sep 25, 2012