Philippines Government Clears Ambitious Phase 2 Armed Forces Modernization Plan

by Dan Darling, International Military Markets Analyst, Forecast International.

The Philippines Department of National Defense (DoND) confirmed on June 20 that the second phase of the most recent 15-year, three-phase Armed Forces of the Philippines (AFP) Modernization Act has received approval from President Rodrigo Duterte. Continue reading

Philippines Eyes 14 Percent Defense Budget Increase for 2017

by Dan Darling, International Military Markets Analyst, Forecast International.

Philippine Flag

The government of the Philippines aims to bolster the country’s defense budget by 14 percent under its fiscal year 2017 proposal. The latest assumptions put forth by the government cover a PHP3.35 trillion ($71.9 billion) national budget for FY17 that includes a PHP130.6 billion ($2.8 billion) earmark for the Department of National Defense (DND).  If approved by the country’s bicameral Congress, the nominal top-up to the current 2016 defense allocation of PHP111.5 billion ($2.52 billion) would amount to 14 percent year-on-year. Continue reading