Philippines eyes 14 percent defense budget rise to secure seas, fight rebels
VIENTIANE (Reuters) – The Philippines is proposing a 14 percent increase in defense spending next year to buy new ships and aircraft to boost its fight against Islamist militants and enhance maritime security in the disputed South China Sea.
According to internal documents seen by Reuters on Monday, about 130 billion pesos ($2.8 billion) or 96 percent of the proposed defense budget, would go to the armed forces. We’re sorry. You don't have permission to access this page. Please sign up to have full access to this page.