Malacanang congratulated Congress on Thursday for approving the proposed PHP5.024 trillion national budget for 2022…
Congress’s 2023 budget submission is anticipated on August 22: Palace
On August 22, Malacanang predicted that the proposed PHP5.628 trillion national budget for 2023 would be delivered to Congress.
This came about when President Ferdinand “Bongbong” Marcos Jr. met with his Cabinet in a special session at Malacaan Palace to go over the projected spending for the 2023 budget.
“DBM (Department of Budget and Management) is scheduled to submit the Budget Documents to the President on August 19, 2022, not next week as mentioned earlier in the press briefing,” press secretary Trixie Cruz-Angeles said in a press release. “The same is expected to be submitted to Congress on August 22, 2022.”
The DBM will “undertake the printing of the Budget Documents, which includes the printing of the National Expenditure Program (NEP), Budget of Expenditures and Sources of Financing, Staffing Summary, and the President’s Budget Message” following Friday’s special Cabinet meeting, she continued.
Cruz-Angeles stated that the 2023 budget plan is being adjusted as a result of the meeting’s input from a number of Cabinet secretaries.
“For the it’s fine-tuning, may kaunting input galing sa iba’t ibang mga kalihim. (Various secretaries contributed to the fine-tuning with certain ideas), “She spoke.
Amenah Pangandaman, the budget secretary, promised on Monday to present the proposed PHP5.628 trillion General Appropriations Act to Congress on time in order to assure its passage before the year’s end.
The proposed National Expenditure Program must be submitted to Congress by the executive branch within 30 days of the start of the regular session of Congress, according to the 1987 Constitution.
Education, health, infrastructure, and agriculture are among the budget spending priorities for the Marcos government.
According to Cruz-Angeles, the largest budgetary allocation for the coming year would go to the education sector.
Cruz-Angeles responded: “We don’t have details kasi pina-fine tune pa (because it’s still being fine-tuned)” when asked how much money will be set aside for the nation’s coronavirus disease 2019 (Covid-19) response.