07 May 2012

News Story: U.S. triples military aid to Philippines in 2012


By Manuel Mogato

(Reuters) - The United States will nearly triple its military funding for the Philippines this year, the Philippine foreign ministry said on Thursday, as tensions rise with China over disputed islands and Washington bolsters its alliance with Manila.

However, the Philippines expressed concern over what it said was a sharp decline in its share of U.S. foreign military financing (FMF) despite Manila's central role in the U.S.'s military "pivot" back to Asia.

Foreign Minister Albert del Rosario said the Philippines accounted for over 70 percent of total FMF allocation for East Asia in 2006, compared to 35 percent this year.

"We hope this is not indicative of the priority placed on the Philippines as a regional partner, as even non-treaty allies appear to be getting a bigger share of the FMF allocation," del Rosario said in a speech at the Heritage Foundation in Washington, according to a foreign ministry statement.

Del Rosario was in Washington for the first "two-plus-two" dialogue among their foreign and defense secretaries as they look at ways to deepen ties and help Manila build a "minimum credible defense posture".

Read the full story at Reuters