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Sunday, October 12, 2008

 

P1.4-trillion budget passed

Education gets biggest share of P167.9B; Public Works, P120B 

By Sammy Martin, Reporter

Lawmakers, voting viva voce, unanimously passed the proposed P1.415-trillion national budget for 2009 on second reading on Saturday morning.

House Speaker Propero Nograles thanked the lawmakers for their patience with the first national bud­get passed under his leadership.

“We have just passed a very flexible, reform-oriented budget, and a recession-responsive policy action that our people can depend on, an antidote to economic stagnation,” Nograles said. He noted that the House remained faithful to the constitutional mandate of giving education the highest focus among the nation’s priorities.

According to the House Speaker, the proposed outlay supports the government’s priority programs and projects for 2009 and can meet any and all contingencies that may arise as a result of the current global economic slowdown spawned by the US financial crisis.

“Despite the US government’s $700-billion bailout package, we cannot be complacent but should anticipate any possible ill effects that the crisis may have on the Phi­lippine economy,” he pointed out.

The House will transmit the proposed national budget to the Senate and Nograles said that it aims to pass the budget on 3rd reading at the resumption of session on November 10.

Majority of congressmen had favored realignments to bolster the education and health budgets and strengthen social services in the face of the current world financial crisis.

The proposed budget retains the “pork-barrel” allocation—officially known as Priority Development Assistance Fund, or PDAF—for senators and congressmen at P6.24 billion. It allocated P302.65 billion, or about 21 percent of the total budget, for debt servicing.

Under Committee Report 1323 on House Bill 5116, the highest priority is given to the Department of Education with P167.9 billion, or an increase of P18.7 billion from its 2008 level of P149.2 billion. At second spot is the Department of Public Works and Highways with P120 billion, an increase of P17.6 billion from the 2008 outlay of P102.4 billion.

The Department of Interior and Local Government comes next with P61.9 billion, followed by the Department of National Defense with P61.5 billion, the Department of Agriculture with P39.7 billion, the Department of Health with P27.8 billion, the Department of Transportation and Communications with P23.6 billion, the Department of Agrarian Reform with P16.1 billion, the Department of Finance with P13.8 billion and the Department of Justice with P12.8 billion.

The Department of Social Welfare will receive P10.5 billion, which is higher by 114.3 percent than its 2008 budget of P4.9 billion. The budget of the Agriculture department will increase by P14.3 billion, or 56.3 percent more than the current P25.4 billion, to P39.7 billion.

Under sectoral allocation, social services will get the highest share at P433.992 billion or 30.67 percent of the total budget. Economic ser­vices will get 25.54 percent or P361.394 billion.

Debt service will get P302.65 billion or 21.39 percent of the total budget and general public services, P239.591 billion or 16.93 percent of the budget.

Local governments will get a share of P249.989 billion or about 18 percent of the total budget representing their share from the Internal Revenue Allotment, or IRA.

   
 

 
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Ping Oco, Franklin Bartolay
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