Oliver Bugarin 9 0 0 12 min to read

DBM proposes to Congress its planned P5.268-T 2023 budget.

The proposed PHP5.268 trillion national budget for 2023 was delivered to Congress by the Department of Budget and Management (DBM) on Monday.

The National Expenditure Program (NEP), which is the first complete one-year outlay of President Ferdinand “Bongbong” Marcos Jr., was presented to Speaker Ferdinand Martin Romualdez, Majority Leader Manuel Jose Dalipe, Minority Leader Marcelino Libanan, House Committee on Appropriations chairperson, and Ako Bicol Party-list Representative Zaldy Co at the social hall of the Speaker’s Office.

The budget proposal for 2023 was received favorably by Romualdez, who claimed that it would hasten the nation’s economic recovery.

Prior to October 1, when Congress is slated to begin its first recess that will continue through November 6, he stated that the House aims to complete committee and plenary deliberations on the budget proposal.

Romualdez said in his speech that “The House of the People will effectively respond to the needs of the people, notably in tackling the ongoing effects of the health crisis, to create more jobs, and to assure food security.”

He continued, “Every centavo of the national budget will be prudently spent to implement the programs that will save lives, safeguard communities, and strengthen and more quickly adapt our economy.”

He added that the government’s infrastructure initiatives would be funded by the proposed budget through the Build Back More program.

He asserted that the chamber will uphold its constitutional duty to examine the federal budget for the following year and guarantee that it is passed in a timely and transparent way.

“In our capacity as the people’s representatives, we will quickly yet thoroughly review this budget. And I’ve promised the Executive that it would be passed quickly so that it may be signed into law before the year is through, “Added he.

Pangandaman, for her part, stated that in order to ensure a transparent procedure for the passing of the General Appropriations Bill, the DBM would closely coordinate with the House appropriations committee during the hearings and discussions.

She stated that during the first or second week of December, the DBM anticipates the spending bill to be sent to Malacanang for signing.

Higher than PHP244 billion, or over 5% more than this year’s PHP5.024 trillion expenditure, is included in the planned budget for the next year. It is the government’s highest-ever spending proposal.

On August 26, the Marcos administration’s economic managers will provide a briefing to the House appropriations committee on the macroeconomic factors that were considered to develop the budget proposal.

The House Committee on Appropriations, led by Quimbo, senior vice chair, stated that the committee expects to wrap up hearings by September 16 to give the House two weeks for plenary discussions and third and final reading approval before the Oct. 1 recess.

She claimed that the Co-chaired committee is dedicated to passing the planned “economic recovery budget” as soon as possible.

You can be confident that Congress will work hard to pass a budget that responds to the demands of the people and can lead to inclusive and sustainable growth, Quimbo stated.

proactive and tough

The “proactive and resilient” 2023 national budget, according to Pangandaman, will be felt by the populace with a focus on social safety nets, infrastructure, health, and education.

“Our budget is proactive and resilient for FY 2023. It is built to endure threats, difficulties, and shocks in the future. Despite the uncertainties, we have seen the strength of our economy and the tenacity of our people as demonstrated by the country’s economic progress,” she said. “Filipinos have heroically weathered crises and tragedies in recent years.

The target of the Marcos administration is to reach 6.5 to 8.0 percent real Gross Domestic Product (GDP) growth annually between 2023 and 2028 in order to achieve a single-digit poverty rate (9.0 percent) by that year, according to the economic team of the administration.

In line with the 8-Point Socio-Economic Agenda of the Marcos administration, Pangandaman emphasized the importance of assisting the prioritized industries as well as maintaining the nation’s momentum for growth in order to create an inclusive and healthy economy by 2023.

In our 2023 National Expenditure Program, which is PHP5.268 trillion and 4.9 percent greater than this year’s budget, we have designated the priority sectors. Education, infrastructure improvement, health, agriculture, and social safety nets are some of these important sectors, she stated.

Education

As required by the Constitution, the education sector, which is made up of the Department of Education (DepEd), State Universities and Colleges (SUCs), Commission on Higher Education (CHED), and Technical Education and Skills Development Authority (TESDA), will receive an 8.2 percent increase in funding next year at PHP852.8 billion.

From PHP633.3 billion in 2022 to PHP710.6 billion in 2023, the DepEd budget will grow.

“We shouldn’t be reluctant to invest in education, as the President emphasized during his first SONA, as it is the only legacy we can give our children that will never be wasted. This demonstrates the administration’s dedication to funding youth empowerment and human capital development, according to Pangandaman.

Infrastructure Growth

The budget for the government’s 2023 infrastructure plans is PHP1.196 trillion in total.

The Department of Transportation will receive PHP167.1 billion in 2023, up from PHP75.8 billion in 2022. This increase is due to the increased funding needs for a number of foreign-assisted railway projects. The Department of Public Works and Highways will receive PHP718.4 billion in 2023.

President Marcos had stated that this administration would keep working on infrastructure projects and emphasize building bigger, better things. The Filipino people would undoubtedly profit from these developments, including the subway, regional airports, railways, and farm-to-market roads, according to Pangandaman.

The North-South Commuter Railway, the Metro Manila Subway Phase 1, the LRT-1 Cavite Extension, and the Philippine National Railway (PNR) South Long Haul are just a few of the significant transportation infrastructure projects that will be put into action.

Health

The government’s health sector will receive a 10.4% budget increase at PHP296.3 billion in 2023, inclusive of the budgets of the Department of Health and the Philippine Health Insurance Corporation, in an effort to increase vaccination efforts and the uptake of boosters for our vulnerable population while strengthening the nation’s health system through improvements to health facilities and services.

More than PHP19 billion has been set aside for the salaries and perks of healthcare personnel, while around PHP29 billion has been set aside to buy medications, medicine, and vaccinations, according to Pangandaman.

The Health Facilities Enhancement Program (HFEP), will spend PHP23 billion nationwide to build, renovate, and upgrade barangay health stations, rural health units, polyclinics, local government unit (LGU) hospitals, Department of Health (DOH) hospitals, and other different health facilities, will also be funded with this money.

Agriculture

The budget of the Department of Agriculture (DA), its affiliated corporations, and the Department of Agrarian Reform will be PHP184.1 billion, a 39.2 percent increase from its 2022 allocation, in order to improve the performance of the agricultural sector. There are PHP29.5 billion allocated for irrigation services in this sum.

This is in accordance with the President’s command that the agriculture sector is given top emphasis in order to revitalize and transform it from an economically lagging industry into one of the primary drivers of growth and jobs.

In order to meet the funding needs for the DA’s programs and initiatives, Pangandaman said, “we boosted the budget of the DA by 43.9 percent in support of the mandate of our President, in anticipation of a worldwide food crisis, and for the long-term aim of food self-sufficiency.”

Community Safety Nets

The Department of Social Welfare and Development (DSWD) will get a budget of PHP197 billion in 2023 to help it meet the requirements of society’s most vulnerable and marginalized groups. The Pantawid Pamilyang Pilipino Program, the Social Pension for Indigent Senior Citizens, the Protective Services for Individuals and Families in Difficult Circumstances Program, the Sustainable Livelihood Program, and the Supplementary Feeding Program shall all continue to receive full government support.

“Our budget covers the execution of the DSWD’s projects and programs. We must not ignore the poorest of the poor, the President himself emphasized, according to Pangandaman.

However, the Livelihood and Emergency Employment Program will be implemented using PHP18.4 billion of the Department of Labor and Employment’s total PHP26.2 billion budget to assist recipients in recovering from the economic dislocation brought on by the epidemic. This covers programs like the DOLE Integrated Livelihood Program and Tulong Panghanapbuhay sa Ating Disadvantaged/Displaced Workers (TUPAD), among others.

Green Leadership

The foundation of sustainable development is green governance. The Climate Change Commission and the DBM developed the Climate Change Expenditure Tagging (CCET) mechanism to track and report climate change expenditures focused on food security, water sufficiency, ecosystem, and environmental stability, human security, climate-smart industries and services, knowledge and capacity development, and sustainable energy. The Marcos Administration has allocated PHP453.1 billion for climate change expenditures.

The Department of National Defense’s budget has been raised by 9% to PHP240.7 billion in 2023 in preparation for catastrophic typhoons and other natural calamities. The National Disaster Risk Reduction and Management Fund received PHP31 billion in the meantime.

“By pursuing the road of solid budgetary management and improved bureaucratic efficiency, the government expects to finance these and ensure their proper delivery. Pangandaman stated, “I am optimistic that the 2023 budget will assist us in achieving our objectives for economic transformation, development, and sustainability.


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