Bank Mandiri offer license credit for procurement of weapon and defense systems for the Indonesian Armed Forces (TNI). National state enterprises, like PAL, PT Dirgantara, and PT Pindad are also potential to get financing from banks for their project.
The government allocates this year a budget of Rp 4.5 trillion or US$494 million each for the Indonesian Air Force and Indonesian Navy. While an amount of Rp 9 trillion ($989 million) is allocated for the Army from the total 2007 defense budget of Rp 18 trillion or approximately US$1.9 million.
Tuesday, June 19, 2007
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