Home > News > Pnoy to release P4.95 billion for Upgrading the National Defense

Pnoy to release P4.95 billion for Upgrading the National Defense

Image Credit - Reuters

A P4.95 billion fund was released by President Benigno “Noynoy” Aquino III to strengthen the country’s defense. This was ordered a month ago after the purchased of the P423 million BRP Gregorio del Pilar (PF 15).

The fund will be used for the purpose of giving the Armed Forces of the Philippines higher capabilities of defending our territory, which includes strong security for the Malampaya Natural Gas and Power Project (MNGPP).

P2.65 billion of the P4.95 billion fund will go to the Philippine Navy for them to purchase high-endurance cutter sea and three helicopters.

P2.30 billion for the Philippines Air Force to get three helicopter to maintain a base-hangar.

Budget and Management Secretary Florencio Abad said that every single cent will be used for the right purpose; that is to bring the National Defense, whether by land, sea or air, into a higher level.

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