04 Hulio 2024, Huwebes
Register now and vote in midterm polls
Aspirants file your certificate of candidacy on October 1-8,2024
Substitute candidates must be with same surname and political party
Partylist must file Certificate of Nomination and Acceptance
No to Divorce!!!
Get well soon Nanay Angelita Santiago-Lopez
No to SOGIE bill
Best wishes Mr. and Mrs. Seth Elyon San Pedro
happy 10th Anniversary Binang City, Laguna Chapter Servants of God in Christ Jesus Christian Ministries Inc., Dr. Enrico San Pedro, Pastor
PM for any hospital discharge problem
FMJ approves P6.3-T proposed 2025 budget
By Nidz Godino
"Since I've seen it before on macro level, I think priorities in terms of our proposed appropriations, upon addressing it, weighted our priorities properly in terms of appropriations," President Ferdinand Marcos Jr. has set proposed national budget for 2025 at P6.352 trillion , record-high outlay captures administration's macroeconomic targets and spending priorities in election year.
Proposed P6.532 spending plan for 2025, Marcos approved during Cabinet meeting is at least 10% higher than current year's P5.768 trillion budget. It represents 22% of the country's gross domestic product.
According to Presidential Communications Office news release, 2025 National Expenditure Plan (NEP) reflects government's priorities, such as food security, social protection, healthcare, housing, disaster resilience, infrastructure, digital connectivity, and energization.
Budget Secretary Amendah Pangandaman earlier explained higher NEP is due to bigger budget allocation for local government units, increased almost 20% to P1.03 trillion.
LGUs are set to get bigger outlay in 2025 based on government's 2022 revenue collection, improved as economy recovered from COVID-19 pandemic.
DBM chief also said 2025, being election year, will require additional funding for conduct of polls and allowances for volunteers.
Education stands to get lion's share of proposed budget, as required by 1987 Constitution.
Others that will get large sums are sectors of public work, health, interior and local government, and defense.
Pangandaman said government is eyeing to submit proposed budget to Congress on July 29, week after Marcos' third State of the Nation Address.
This will then be followed by legislative deliberations of national budget before bicameral conference submits proposed General Appropriations Act to the president.
Last year, budget deliberations at House and Senate triggered wave of criticism against Vice President Sara Duterte's use of confidential funds, and, to lesser extent, civilian agencies' widespread use of secret lump sum.
No comments:
Post a Comment