Republic Acts1 min read
Section 8Sec./Art. 8
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Appropriations for the AFP Modernization Program. -The annual appropriations for the AFP modernization program shall include the amounts necessary to support the funding requirements for all modernization projects approved by Congress under the preceding section.
The funds to be appropriated by Congress under this Act shall be treated as a distinct and separate budget item from the regular appropriation for the Department of National Defense (DND) and the AFP and shall be administered by the Secretary of National Defense.
The proposed program shall be based on a ceiling, for the first five (5) years, of Fifty billion pesos (P50,000,000,000.00): Provided, That thereafter, this amount may be increased commensurate to the increase in the Gross National Product (GNP).
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