Is the Philippine armed forces ‘massively underfunded’?

Intelligence summary

The Philippines’ military modernisation road map is set for delays over budget constraints, with critics calling out what they say is President Ferdinand Marcos Jnr’s “lip service” approach and questioning his commitment to the ambitious project. In 2024, Marcos approved a revised 1.9 trillion Philippine pesos (US$30 billion) plan to acquire newer military assets until 2034, aiming to enhance the capability of the military to project power in parts of the South China Sea that Manila considers...