A broader look at today’s business
THE House of Representatives announced on Tuesday that it realigned a total of P194 billion in the proposed 2024 General Appropriations Act to combat inflation and, at the same time, removed confidential funds from several agencies.
According to Co, substantial funds were allocated to agencies such as the Department of Health , the University of the Philippines-Philippine General Hospital , the Department of Social Welfare and Development , the Department of Labor and Employment , the Technical Education and Skills Development Authority , and the Commission on Higher Education to support various critical programs, including healthcare, social welfare, and education.
Co added that the chamber also allocated P17.5 billion to the DOLE for the Tulong Panghanapbuhay sa ating Disadvantage/Displaced Workers/Government Internship Program; P10.4 billion for the DOLE-Tesda Training for Work Scholarship Program; and P17.1 billion for the CHED Tertiary Education Subsidy and Tulong Dunong Program.
In lieu of confidential funds, several agencies will receive additional allocations for maintenance and other operating expenses :P50 million for the Office of the Ombudsman.According to Co, this realignment of confidential funds reflects the committee’s commitment to prioritize national security and intelligence gathering in light of the volatile situation in the West Philippine Sea.
“The overwhelming public clamor to remove and realign confidential funds has prompted Congress to realign such corruption-prone allocations. This is a huge win for the vast majority of Filipino people calling for transparency and accountability in government spending,” Brosas said.
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