Philippines seeks increase in defence spending in 2025
4 months, 3 weeks ago

Philippines seeks increase in defence spending in 2025

Hindustan Times  

MANILA - The Philippines is allocating 256.1 billion pesos for defence spending in 2025, the budget ministry said on Monday, up 6.4% from this year's budget as the country seeks to modernise and boost it external defences. Philippines seeks increase in defence spending in 2025 The proposed increase in defence spending comes at a time of growing tensions with Beijing over territorial disputes in the South China Sea, which China mostly claims as its own. The defence budget, accounts for 4.0% of the government's proposed 6.35 trillion pesos spending plan for 2025, which the budget ministry submitted to Congress on Monday for approval. Of the total defence budget, 204.4 billion pesos will go to land, air forces and naval forces defence programmes, the budget ministry said, while 50 billion pesos will help fund the armed forces' revised modernisation plan, which reflected a shift in strategy away from internal to external defence.

History of this topic

Defence Budget 2021: Myths and Realities of the defence budget infrastructure
3 years, 10 months ago
Budget 2021: Small increase in defense spending even as China standoff simmers
3 years, 10 months ago

Discover Related