“This budgetary decision is a huge mistake. It only strengthens what I discussed during my contra SONA that the government failed to understand the situation at the household level,” he added.. The Office of the Vice President , on the other hand, is requesting P500 million CIF – this is apart from the P150 million CIF that the Department of Education is asking for. Both the OVP and DepEd are being led by Sara Duterte.
He further said that such amount may also be beneficial if used in recovery and rebuilding efforts for the country’s economy as recent weather disturbances left a trail of destruction in agriculture and infrastructure, and distressed millions of people.Subscribe to our daily newsletter
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
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.
Philippines to borrow P2.46T in 2024 — DBM dataThe Philippine government is set to borrow over P2 trillion in 2024 to fund portions of the proposed P5.768 trillion national budget next year.
Source: gmanews - 🏆 11. / 68 Read more »
Marcos admin wants P10.1 billion in confidential, intel funds for 2024(1st UPDATE) Under the proposal, a bulk of the confidential and intelligence funds for 2024 would go to President Marcos and Vice President Duterte's offices, just like what happened in the 2023 budget
Source: rapplerdotcom - 🏆 4. / 86 Read more »
Makabayan bloc wants confidential, intel funds realigned to basic services in 2024The Makabayan bloc wants Congress to realign the confidential and intelligence funds of the Office of the President, the Office of the Vice President, and other agencies to programs that will help uplift the lives of Filipinos, Gabriela party-list Rep. Arlene Brosas says.
Source: CNN Philippines - 🏆 13. / 63 Read more »
Marcos admin’s 2024 confidential, intel funds increased by P120M--DBMConfidential and intelligence funds (CIF) under the proposed P5.768-trillion National Expenditure Program (NEP) for 2024 increased by P120 million, the Department of Budget and Management (DBM) said on Thursday, Aug. 3.
Source: manilabulletin - 🏆 25. / 51 Read more »
Marcos admin seeks ₱9.2B in confidential, intel funds for 2024The administration is targeting to secure a total of ₱9.2 billion in confidential and intelligence funds for next year, the bulk of which is proposed to be allocated for President Ferdinand Marcos Jr.’s office.
Source: CNN Philippines - 🏆 13. / 63 Read more »
'Ayuda' programs get funds for 2024 despite lifting of Covid-19 emergency statusDespite the recent lifting of the country’s Covid-19 public health emergency status, cash assistance or 'ayuda' programs of the national government will continue to get funded under the proposed national budget for next year.
Source: manilabulletin - 🏆 25. / 51 Read more »