food

Philippines' Military Pensions Pose Budget Risk

The Pensions Puzzle: A Threat to the Philippines' Military Modernization The recent announcement of a 7% increase in the proposed military pension budget for 2027 has reignited concerns about the sustainability of the country's defense spending.

With the Department of National Defence planning to allocate 142. 95 billion pesos towards pensions, out of a total defense budget of 324.

6 billion pesos, it is clear that the Philippines is facing a significant financial burden.

Read the full story

Read on Forolat →