DND Eyes Having 2 Percent of GDP for Defense Spending
DND Eyes Having 2 Percent of GDP for Defense Spending 28 Januari 2017 For 2017 nominal GDP of the Philippines was estimated $ 412.909 billion (photo : Beam Magnum ) Defense Secretary Delfin Lorenzana is hoping that Congress would allocate more than two percent of the country"s gross domestic product to defense spending. Lorenzana made the remark even as the Department of National Defense continues to have one of the biggest allocations with P134.5 billion under the P3.35-trillion national budget for 2017. "You know I"ve been talking to some of the congressmen. Sabi ko sa kanila we should increase our budget. We have been underfunded for the past 50 years kaya hindi tayo makabili ng equipment e," Lorenzana said. Lorenzana said Singapore was spending three percent of its GDP for defense while other countries in Southeast Asia were spending at least two percent. "That"s why they have more aircraft, they have more ships, they have more everything," Lore...