Department of Budget and Management (DBM) Secretary Amenah Pangandaman on Thursday, Aug. 3, denied that the agriculture sector will get a lower budget allocation under the proposed P5.768-trillion National Expenditure Program (NEP) for 2024.
Department of Budget and Management Secretary Amenah Pangandaman on Thursday, Aug. 3, denied that the agriculture sector will get a lower budget allocation under the proposed P5.768-trillion National Expenditure Program for 2024.She explained the matter after the release of the 2024 NEP showed that the Department of Public Works and Highway has a proposed P801.2-billion budget compared to the Department of Agriculture’s P181.4 billion.
“Iyong sa DA po , if you will remember we increased already the budget of DA and DAR this year by 30 percent. So, ang ibig sabihin po noon nagsimula na po yung mataas yung base natin for 2023. And then 2024, dinagdagan pa natin ng additional six percent, so mataas na po ,” she added during a press briefing in Malacañang.
The goal under the medium-term fiscal framework is for infrastructure spending to reach 6 percent of the country’s gross domestic product . “For the past two decades, ‘yung agriculture sector po natin napakababa po ng funding and investment natin po diyan ,” the official said.Under the proposed 2024 NEP, which was transmitted to the House of Representatives on Wednesday, Aug. 2, agriculture agencies—including the DA, it's attached corporations, and the Department of Agrarian Reform —will get P181.4 billion next year.
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