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 uniformed personnel (MUP) pensions in 2027, out of a total proposed defence budget of…
We haven't written up this one. South China Morning Post has the full story — the link below goes straight to it.
