- Defence Department's stocks valued at €255m

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Malaysia News News

Stocks held by the Department of Defence at the end of 2022 were valued at just under €255m, an increase of 26% since 2017, according to the Comptroller and Auditor General's Report for 2022.

Military equipment accounted for the majority of the stocks which were held in 383 individual military store accounts in 23 locations across the country.

There are a substantial number of security items held in stores, including weapons, ammunition and explosives, and that access to this information is strictly controlled. The C&AG report states that the full implementation of the remaining Dunning report recommendations should be actioned in a timely manner.

The Department said the stock was required to ensure the ships were kept to a seaworthy standard, for safety and operational reasons, until the decision was made to withdraw them from service.

 

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