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President approves P4.1-T 2020 budget

PRESIDENT Rodrigo Duterte has approved the proposed P4.1-trillion national budget for 2020, Malacañang said on Tuesday.

Palace spokesman Salvador Panelo said Duterte, together with members of the Cabinet, approved the budget during Monday’s meeting in Malacañang.

President Rodrigo Duterte. MALACAÑANG PHOTO


“This budget proposal is designed to respond to the needs of the majority of our countrymen longing to be uprooted from the decades of want of basic necessities, inadequate supply of basic services, lack of infrastructure required to spur economic growth, absence of accountability on government coffers, vexing bureaucratic rigmarole, deprived education and unchanged poverty, and geared to achieve a more peaceful and progressive Philippines, where the living standards of Filipinos are raised,” Panelo said.

“We assure everyone that our people’s money, with education receiving the biggest slice of the budget, followed by public works, transportation and health, will be spent wisely to reach a state of vibrant economy that will be felt by the citizenry,” he added.

The national budget for 2020 is 12 percent higher than this year’s budget of P3.757 trillion.

The Department of Budget and Management aims to submit to Congress the proposed 2020 National Expenditure Program before the August 21 deadline.

The House of Representatives hopes to pass the budget measure in October.

“We will start out with the Development and Budget Coordination Committee with a hearing convening the complete economic team. Once the committee on appropriations is satisfied, we will have simultaneous hearings,” House Speaker Alan Peter Cayetano said on Tuesday.

Deputy Speaker for Finance Luis Villafuerte and Appropriations Committee Chairman Isidro Ungab were directed to coordinate with the Department of Budget and other committees in discussing the expenditure plan for next year.

Ways and Means Committee Chairman Joey Salceda told reporters on Monday that the lower chamber intends to receive the budget proposal on August 16 and immediately hold committee hearings to facilitate its approval.

With a reports from GLEE JALEA

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