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Sunday, August 10, 2014

AFP’s Budget for modernization P10B short in 2015 budget bill

Photo by snitchpogi12
MANILA, Philippines – President Benigno Aquino III has promised to give proper attention to the revised Armed Forces modernization law and committed to spend P10 billion project.  However, the Malacañang has only submitted a third of the annual P15 billion ($340 million). The administration has only produced P120 billion ($2.78 billion) which is short of ($226 million).
In Rappler’s post, Budget Secretary Florencio Abad told them the proposed
law that pursues to redefine savings will be helpful in funding the shortage. It will allow the continuation of outlines under the administration's Disbursement Acceleration Program (DAP) that were lately declared unlawful by the Supreme Court.

Miscellaneous funds are under the budget category Special Purpose Funds (SPF) – tagged by critics as Malacañang's pork barrel but defended by the government as needed to give it the flexibility to respond to unexpected expenses such as calamity response and other possibilities.
 2015 budget to Congress
The SPF accounts for P501 billion ($11.3 billion) of the total P2.6 trillion ($58.8 billion) budget for 2015. Since 2010, Aquino has allocated a total P40 billion (about $906 million) to military modernization.
DND's Budget Breakdown for 2015 Screenshot by rappler
In Asia alone, Philippines is one of the of the countries with the  weakest militaries that is why Aquino shifts its attention to equipping the armed forces of the Philippines and the Navy to response to the  growing tension in the West Philippine Sea (South China Sea) due to territorial disputes among claimant countries.