President Ferdinand Marcos Jr. is set to sign the P5.268 trillion proposed national appropriations for 2023 on Friday afternoon, the first budget under his administration. READ:
Speaker Martin G. Romualdez turns over Thursday copies of the proposed 2023 national budget to Presidential Legislative Liaison Office Secretary Mark Llandro “Dong” L. Mendoza . Witnessing are House committee on appropriations chairman and Ako Bicol Party-list Rep. Zaldy Co , House Majority Leader Manuel Jose “Mannix” M. Dalipe , and PLLO USec. Agapito Guanlao .Mr. Marcos will attend the ceremonial signing of the 2023 General Appropriations Act at Malacañang at around 3 p.m.
The Senate was expected to follow suit soon after, agreeing with fellow lawmakers in the lower chamber to realign about P70 billion in expenditures for 2023.The President had pledged to sign the budget as soon as he returned—last night —from a trip to Belgium, where he spent three days meeting with European leaders and businessmen.
The education sector will get the biggest chunk of the budget even as the agriculture sector will also enjoy support in terms of appropriations. Lawmakers also realigned resources to still fund the Libreng Sakay program along the EDSA Bus Carousel. The government, citing lack of funds, had announced that the free bus ride would no longer be extended beyond this month.
“When we turned over the NEP to them [House of Representatives and Senate], we only asked for one thing and that is when they make changes, hopefully, it is in synch and anchored on the medium-term fiscal framework and the eight-point socioeconomic agenda,” Pangandaman said.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Amenah: Marcos seen to veto 2-3 items in P5.268-trillion 2023 budgetPresident Ferdinand Marcos Jr. is expected to veto some items in the Congress-approved proposed P5.268-trillion national budget for 2023, Budget Secretary Amenah Pangandaman said Wednesday.
Read more »
Marcos seen to veto 2 to 3 budget itemsPresident Ferdinand Marcos Jr. is expected to veto “two to three” items in the Congress-approved proposed P5.268-trillion national budget for 2023, Budget Secretary Amenah Pangandaman said Wednesday. READ:
Read more »
Marcos to sign 2023 national budget on December 16, 2022President Ferdinand Marcos Jr. is set to sign the P5.268 trillion proposed national appropriations for 2023 on Friday, December 16, 2022, the first budget under his administration.
Read more »
LOOK: Marcos meets with European Council President Michel in BelgiumPresident Ferdinand “Bongbong” Marcos Jr. on Wednesday (Manila time) met with European Council President Charles Michel in Brussels, Belgium.
Read more »
Teofilo Guadiz III named new LTFRB chairmanPresident Ferdinand “Bongbong” Marcos Jr. has appointed lawyer Teofilo Guadiz III as the new chairman of the Land Transportation Franchising and Regulatory Board (LTFRB).
Read more »
Marcos holds bilateral meeting with Estonia PM in BrusselsPresident Ferdinand “Bongbong” Marcos Jr. on Wednesday held a bilateral meeting with Prime Minister Kaja Kallas of Estonia in Brussels, according to Radio TV Malacañang (RTVM)
Read more »