Next year’s budget is 11.5 percent higher than this year’s PHP4.506 trillion.
The House of Representatives on Thursday night approved on third and final reading the proposed PHP5.024-trillion budget for 2022.With 238 affirmative votes, 6 negative votes, and no abstention, the chamber passed House Bill 10153, or the 2022 General Appropriations Bill (GAB), whichis the last full year budget to be enacted under the administration of President Rodrigo Roa Duterte.
The House was able to pass its version of the spending measure on second and third reading on the same day following Duterte’s certification of urgency.
Speaker Lord Allan Velasco said the House was able to fulfill its commitment to pass the proposed 2022 budget in a “timely manner” after six weeks of deliberations.
“Immediately after the proposed budget was submitted by the President on August 23, we immersed ourselves in the serious work of reviewing and scrutinizing the budget of all government agencies. We tackled every issue, heard every concern, and clarified every ambiguity,” Velasco said.
Velasco said the timely passage of the budget would ensure that appropriate funding would be available at “Day 1 of the coming year” and government programs can proceed without delay.
“The swift and smooth passage of the proposed 2022 national budget shows our collective commitment and resolve to help our kababayans and economy build back better and hasten economic recovery through the effective delivery of government services,” he said.
The budget proposal is guided by a strategy supported by three main pillars, namely: Building Resilience amidst the Pandemic; Sustaining the Momentum towards Recovery; and Continuing the Legacy of Infrastructure Development.
Next year’s budget is 11.5 percent higher than this year’s PHP4.506 trillion.Read More
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