AFP modernization impossible with P5-B budget

LEGAZPI CITY, Philippines—The planned modernization of the Armed Forces of the Philippines will not materialize with its current budget of P5 billion per year, which is just enough for the upgrading of its capabilities, said Defense Secretary Gilberto Teodoro at a press briefing here Thursday. Teodoro said the Philippines has one of the world’s smallest national defense budgets…

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AFP modernization impossible with P5-B budget