The House of Representatives has rejected the P3.7-trillion proposed national budget for 2019 over concerns the new cash-based system would result in the deprivation of funds in congressional districts.

MONEY MATTERS Finance Secretary Carlos Dominguez 3rd (center) and Budget Secretary Benjamin Diokno (right) take turns explaining the highlights of the cash-based budget, a scheme that the government wants to implement for the first time, during a briefing at the Senate on Wednesday. Diokno said cash-based appropriations would minimize underspending. PHOTO BY BOB DUNGO JR.

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