Leasing military hardware eyed to earn AFP savings

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The story "Leasing military hardware eyed to earn AFP savings" was covered 1 weeks ago by Business Mirror, a news publisher based in Philippines.

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Leasing military hardware eyed to earn AFP savings - Business Mirror

Quick Summary:

THE defense hierarchy was urged on Thursday to seriously consider leasing certain hardware crucial to national security and the military’s humanitarian operations, as a good fiscal strategy for managing scarce resources without having to provide upfront all the billions needed for the Armed Forces modernization program.

The Philippines and Australia held their first-ever bilateral amphibious training called “Exercise Alon 2023,” coined from Tagalog word meaning “wave,” which is aimed at enhancing interoperability and preparedness to respond to security challenges in the Indo-Pacific region.

And now, here comes the budget deliberations, a P10-billion cut was made on the NEP of Department of National Defense,” dela Rosa noted.