National budget set to be signed into law Dec. 15 READ:
“We have ratified the Bicameral Conference Committee Report on the national budget, which should be ready for signing… for the signature of the President after he returns from his trip to Brussels [in Belgium],” Romualdez told reporters.
Congress on Monday ratified the proposed P5.268-trillion national budget for 2023 after it was approved by the bicameral conference committee in the morning.The bicam panel also restored the P150 million in confidential funds of the Department of Education , which was cut by P120 million in the Senate version of next year’s national capital outlay.
Senate President Juan Miguel Zubiri announced the budget’s ratification, which was opposed by Senate Minority Leader Aquilino “Koko” Pimentel III and Assistant Minority Leader Risa Hontiveros. In the Senate, Hontiveros had proposed cutting the agency’s confidential funds and transferring it to the healthy learning institution program, a move her colleagues approved.
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