Leasing military hardware eyed to earn AFP savings

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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.

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Article Details

Author / Journalist: Butch Fernandez

Category: BusinessStartups

Markets: PhilippinesAustraliaGermanySouth KoreaSingapore

Topics: Modernization Program Budget Rosa Leasing Senate National Defense Dela Philippines

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 16:06:43 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 832 words

Reading Time: 5 minutes read

Sentences: 17 lines

Sentence Length: 49 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23588591

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