2025 Philippines budgets $875m, a 25% increase, for military modernization within Armed Forces.

2025 sees the Philippines allocating a $875m budget for military modernization, a 25% increase from the 2024 allocation, to fund ongoing projects within the Armed Forces of the Philippines. The proposed 2025 national budget, at 6.352 trillion pesos ($111bn), is 10.1% higher than the previous year's budget and equates to 22% of the country's GDP. The House of Representatives and Senate will review the budget before President Marcos signs it into law.

August 18, 2024
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