Philippine President Aquino stressed development by his administrations of the Armed Forces of the Philippines or AFP and Philippine National Police or PNP is serious business
"We are focusing on the upgrade of their skills and equipment to further ensure better service to the Filipino people." a government news statement quoted the President as saying.
“Through our efforts, we have delivered 28 billion in roughly about 17 months…" – Aquino
"Good Soldiers come from Good Homes" – Aquino
In his speech during the symbolic turnover of 1,500 Houses for the AFP and PNP personnel in Ciudad Adelina 2, Barangay Luciano, of Trece Matres,City Friday,
President Aquino told soldiers that the seriousness of the government to support military and police does not end with "new ships. helicopters, guns or, gear" Aquino hopes to upgrade living conditions for his troops, sailors, policemen, airmen, and marines.
"This is vividly represented by the 28 billion pesos budget allocation for the program that has almost reached the total budget allotted by the past administrations for the past 15 years."
Aquino says by rooting out corruption his administration has been able to allocate about "33 billion pesos in funds. a major jump in resources for the safety and security of our country” the President said.
“Through our efforts, we have delivered 28 billion in roughly about 17 months… it is slow and measured delivery of whats needed most,” he added.
The Chief Executive said that four of the eight brand new helicopters have been acquired by the government for the Philippine Air Force. The four are capable of extended range missions and faster medical and search and rescue operations.
For the PNP, he said, a significant number of patrol vehicles have been purchased apart from the advanced and high-caliber firearms.
“For our Police 140 patrol jeeps, 100 patrol utility vehicles, 180 motorcycle units new weapons and non-lethal devices like tasers in 2011 and have 500 new police commissioned officers and 13,000 non-commissioned officers new schooling and training better equipped not just in gear and vehicles but also better trained mentally and physically fit,” President Aquino said.
Better Security – means strong economy and ensures peace
We have a strong economy, effective tax management and ending corruption with accountability will ensure a better country for all Filipino’s and we are delivering on our promises. – Aquino has repeatedly told supporters.
President Benigno S. Aquino III said Friday that he’s not contemplating much on the prospects of getting another ratings upgrade adding to pay for much lower interest for the country’s debts as a result of previous upgrades is already interesting for the Philippines.
In a housing project launching in Cavite on Friday, the President was asked by reporters about his thoughts regarding comments made by some analysts who say the Philippines has been under rated.
The President said it is more important for him that the upgrades given to the Philippines last year financially helped the country address its problems. The Philippines is lucky to have those upgrades while European countries get rating downgrades from rating agencies because of sluggish economies, he said.
The chief executive acknowledged the country’s need to borrow as it operates in a decreasing deficit in relation to its gross domestic product (GDP). Because of the lower interests for its debts, the government was able to save and use the savings for government programs that benefit the people, he said.
In December last year, Standard & Poor’s Ratings Services (S&P) revised its rating outlook on the Philippines to positive from stable. S&P affirmed the foreign currency ‘BB’ long-term and ‘B’ short-term sovereign credit ratings for the country.
S&P also affirmed the local currency ‘BB+’ long-term and ‘B’ short-term sovereign credit ratings.
In July last year, S&P upgraded the Philippines’ credit rating to BB amid “strong external liquidity and signs of improving growth prospects.”
Prior to S&P’s upgrade, Moody’s Investors Service upgraded in June 2011 the Philippine government’s foreign and local currency long-term bond ratings from Ba3 to Ba2, with a stable outlook