The Senate is set to begin debates on the proposed 2023 budget today, November 9.
MANILA, Philippines – The first full annual budget of the Marcos administration is eyed to be one that will prepare the Philippines to be resilient as it recovers from the COVID-19 pandemic, deals with more natural calamities, and survives through the instability of the global economy, according to the budget bill’s Senate sponsor.
Congress will debate on P4.259 trillion of the budget, which includes P3.671 trillion for programmed new appropriations and P588 billion unprogrammed funds. The lawmaker said that the war, while being seven time zones away from the Philippines, did not spare the country from the fallout of the fuel, food, and fertilizer crises it unleashed.The 2023 budget is set to be ready to cushion the impacts of the anticipated continuation of the local and global economic crisis.
“While no government has the power to change one’s geography or the weather, ours aims to do its utmost to prepare our communities and have funds on standby to help the affected communities just to get back up again if ever they are hit by natural calamities,” said Angara.
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