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JOINT STANDING COMMITTEE ON DEFENCE
29 October 1998
DEFENCE MEDIUM TERM BUDGET: BRIEFING
Mr Grundling, Chief of Finance: Defence Secretariat , referred to the budget survey and the tri-lateral review documents, which had been submitted to the committee two weeks ago, which form the basis of the Defence budget submissions to the MTEF expenditure committee.
He elaborated on the problem of the defence budget decline. He said last year about 420m was overspent. It is anticipated that there is going to be overspending in the order of about 390m this year. Mr Grundling said plans were being made to reduce spending but major capabilities will be lost in future if nothing is done to remedy the budget decline.
Mr Grundling then requested that the meeting be closed to the public and after a brief debate his request was accepted.
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