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The following lists are of countries by military spending as a share of GDP—more specifically, a list of the 15 countries with the highest share in recent years. The first list uses the Stockholm International Peace Research Institute as a source, while the second list gets its data from the International Institute for Strategic Studies.
A military budget (or military expenditure), also known as a defense budget, is the amount of financial resources dedicated by a state to raising and maintaining an armed forces or other methods essential for defense purposes.
The President of the Philippines is the Commander-in-Chief of the AFP and forms military policy with the Department of National Defense, an executive department acting as the principal organ by which military policy is carried out, while the Chief of Staff of the Armed Forces of the Philippines serves as the overall commander and the highest ...
The Philippines is looking to buy more military hardware to modernise its arsenal, including additional BrahMos missiles from India and at least two submarines, the chief of the armed forces said ...
A positive (+) number indicates that revenues exceeded expenditures (a budget surplus), while a negative (-) number indicates the reverse (a budget deficit). Normalizing the data, by dividing the budget balance by GDP, enables easy comparisons across countries and indicates whether a national government saves or borrows money.
About $125 million would be used for constructions and other improvements in parts of Philippine military bases to be occupied by U.S. forces under the 2014 Enhanced Defense Cooperation Agreement ...
4,464 initially ordered from Aselsan A.S, [152] 2,808 units more ordered using balance of budget for the project. MKU Netro NM-3000 India: Monocular night-vision device: NM-3000: 661 units ordered by the Philippine Army in 2021, [153] expected delivery by 2022. [154] AN/PEQ-15 United States: Laser sight-2,351 units received in two batches in ...
On December 11, 2012, President Benigno Aquino III amended by Republic Act No. 10349, also known as the Revised AFP Modernization Act, which extends the modernization program for another 15 years with an initial budget of ₱75 billion for the first five years in order to continue modernizing all the branches of the AFP.