• UPDATE: House passes on third reading P3.767-T budget for 2018


    THE House of Representatives has approved on third and final reading the proposed P3.767-trillion national budget for 2018.

    Voting 223-9 on Tuesday, the lawmakers approved House Bill No. 6215 or the 2018 General Appropriations Bill (GAB).

    In a statement, Rep. Karlo Nograles of Davao City, who heads the House committee on appropriations, said: “That most of the adjustments made on the GAB was a result of a painstaking scrutiny on the spending pattern and the absorptive capacity of each government agency.”

    “We have considered at least two major factors in making our adjustments. One is urgency and another is capacity. We carved out budgets depending on the urgency of certain projects and programs that require allocation and depending on the capacity of implementing agencies to really put their funds to good use,” Nograles said.

    President Rodrigo Duterte may sign the proposed budget into law on November 22 at the latest, the lawmaker told dzBB in a radio interview on Sunday. MA. REINA LEANNE C. TOLENTINO





    Please follow our commenting guidelines.

    Comments are closed.