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Philippines spends 387m dollars on armed forces upgradation.
Text of report by Mario J Mallari published by Philippines newspaper The Daily Tribune website on 16 January
The Aquino administration has allotted about P17 billion [387 m dollars] during its first 17 months in office for the modernization program of the Armed Forces of the Philippines (AFP), a huge leap compared to the P33.5 billion [762.6 m dollars] released to the military organization during the last 15 years.
The Department of National Defence (DND) said that President Aquino made a total of P16,852,000,000 [383.61 m dollars] available for the AFP modernization program from July 2010 to December 2011.
As a result, the DND said that the AFP …
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