Defenseph.net Website Review

The Department of Budget & Management released the official AFP Modernization Budget for 2018: P25B includes everything from salaries, to veterans pension payments, to operational expenses that keep aircraft flying, ships sailing, and When evaluating whether or not the P25B modernization budget is sufficient to cover the various pending and ongoing acquisition one must first recall a little understood — but game-changing development — known as the Multi-Year Obligational Authority (MYOA) which was then rebranded in the Aquino administration as the “Strategic Support Vessel” (re-using the name of the another Arroyo-era project that was originally based on a second-hand Japanese RO-RO vessel that eventually went nowhere). Since then, the MYOAs have The MYOA is significant because it unshackles the AFP from the limits of the national budget. It does so by using a simple concept that the average Filipino — who has ever made large consumer purchase (e.g., a car, a house, a refrigerator, or even a karaoke machine) — uses to buy what he or she needs while staying within the constraints of the household budget: “payments by installment”. The MYOA is essentially a credit card for the department that uses it — to include the DND. which is valued at 4,968,000,000. The MYOA docu*ent for the project actually breaks the project into the following annual installments: While the original breakdown was pegged in 2016, and the actual contract signing didn’t take place till 2 year after, the breakdown formula shown above is comparable to how other projects were calculated, such as the still-pending Long Range Patrol Aircraft Therefore for the first year, the funds required for the CASA project will only be approximately P754M. When applied the P25B annual budget, If other projects also use the MYOA concept for their purchases. .. .. . then instead of looking at the total Authorized Budgets for Contract of each purchase as the total the DND needs each year as its