Page 2 - Philippines Modernization Program News Today

The leadership of the House of Representatives said on Tuesday that it supports increased budgetary spending for the defense sector under the proposed P5.768 trillion 2024 national budget to strengthen the country’s capacity to safeguard its territorial integrity amid China’s increasingly intrusive actions in Philippine territory. Speaker Ferdinand Martin G.…

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Two of the nine Fast Attack Interdiction Craft-Missile (FAIC-M) platforms just arrived from Israel. They will become Acero-class gunboats in May.

The government increased its infrastructure spending last year, hitting P1 trillion and effectively surpassing its programmed allocation on the back of faster disbursements for major transport and road projects, the Department of Budget and Management said.

PHL expects delivery soon of medium-range ramjet supersonic cruise missile systems for coastal defense

The government ramped up its infrastructure spending in November, with expenses jumping by nearly 40 percent to P80 billion, as some roads and building projects were completed toward the end of 2022, the Department of Budget and Management said.

The Armed Forces of the Philippines Modernization Program (AFPMP) has a P45-billion budget for 2023, which is higher than P6 billion compared to last year's appropriation. Surigao del Sur 2nd district Rep. Johnny Pimentel (Facebook) “In all, there’s P45 billion for the AFPMP in the 202

The Philippine Navy’s Marine Corps has begun receiving BrahMos coastal-based anti-ship missile systems from the Indian company BrahMos Aerospace Private Ltd.

The government hiked its infrastructure expenses in the nine months to September this year largely on road projects, but this was still slightly below the P759-billion spending program amid delays due to the conduct of the recent elections.

Infrastructure, particularly transport projects, and social programs will get the chunk of the unprogrammed appropriations under the proposed 2023 budget as the government maintained no irregularities in allocating such funds.