Apart from the budget provided by with congressional oversight. This is to the General Appropriations Act (GAA), ensure that the GAA for public the Executive and Legislative branches administration and the delivery of basic can also work together to identify and services will not be impacted by the develop other potential funding sources. requirements for credible deterrence. The funds generated from such sources There are important caveats to ensure will be lodged in an exclusive national smooth program execution to prevent account under the Office of the President costly delays. The Procurement Law OTHER POTENTIAL FUNDING SOURCES FOR NATIONAL SECURITY • Convert portions of selected idle military lands in Luzon, Visayas and Mindanao into defense industrial parks and mixed-use residential-commercial zones, especially those bordering on highly developed regions. Conversion of lands will be coordinated with the concerned departments concerning rules and regulations on land use conversion. • Float long-term bonds or Treasury bills for sale to the corporate and sovereign markets here and abroad. Additionally, create affordable, low-denominated bonds for sale to patriotic individual citizens, to include our OFWs abroad. • Legislate a special national security tax applicable to mass air-sea-land transports and passengers; and to telecommunication companies and end-users. • Legislate a revision of the Government-Owned or Controlled Corporations (GOCC) charters to set aside at least 3 percent of annual net income for credible deterrence. • Legislate adjustments in the formula providing for the Internal Revenue Allotment (IRA) of local government units (LGUs) that carves out a significant amount of the annual IRA for credible deterrence. LGUs must be harnessed to help fund the effort which will be used to protect their own territories. • Free up cash generated annually from anti-corruption and efficiency improvement measures targeting at least 10 percent of the GAA in ascending rates over time. [35]