Wednesday, December 28, 2016

Philippines settles 2017 defence budget

From IHS Jane's 360 (Dec 27): Philippines settles 2017 defence budget

Philippine president Rodrigo Duterte has signed into law a 2017 national defence budget of PHP137.2 billion (USD2.76 billion), it was announced on 23 December.

The new budget comes into effect on 1 January and represents a small increase on the PHP134.2 billion that was initially proposed for defence spending by the government in August.

The 2017 military expenditure is an approximate 18% increase against spending in 2016. It also amounts to about 4% of total government spending in the year and 1% of GDP.

However, the new budget does not include spending for major military procurement, which is covered by the Armed Forces of the Philippines (AFP) Modernisation Programme.


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