President Rodrigo Duterte has approved the Department of Budget and Management's (DBM's) proposed national budget for 2018, which is 12.4 percent higher than the P3.35 trillion approved budget for the current year.

In a text message, Budget Secretary Benjamin Diokno confirmed that Duterte, during Monday's Cabinet meeting in Malacanang, gave the green light for the proposed 2018 budget, which he would submit to Congress before the President would deliver his State of the Nation Address (SONA) on July 24.

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