Philippines’ rising military pensions risk triggering budget ‘time bomb’
The Philippines’ push for military modernisation is being squeezed by a ballooning pension bill for its troops as fears
mount over its ability to finance newer ships, aircraft and other defence assets. The Department of National Defence has proposed spending 142.95 billion pesos (US$2.3 billion) on military and uniform...
via South China Morning Post
The Philippines’ push for military modernisation is being squeezed by a ballooning pension bill for its troops as fears
mount over its ability to finance newer ships, aircraft and other defence assets. The Department of National Defence has proposed spending 142.95 billion pesos (US$2.3 billion) on military and uniform...
via South China Morning Post
