The proposed P5-trillion national budget for fiscal year 2022 aims to sustain the government’s efforts against the COVID-19 pandemic, DBM assured. | DYGalvezINQ
The proposed P5-trillion national budget for fiscal year 2022 aims to sustain the government’s efforts against the COVID-19 pandemic.
“The government will also boost economic recovery and provide a modernized public transport system by continuously investing in the Build, Build, Build program which is expected to created jobs and catalyze business activities all over the country,” the agency added.
The DBM said it has already submitted the proposed budget to the Office of the President on July 26, the same day as President Rodrigo Duterte’s final State of the Nation Address (Sona).It is currently finalizing the 2022 national expenditure program (NEP) and other related budget documents for printing in time for its submission to both houses of Congress on or before the 30-day deadline since Duterte’s Sona.
The proposed 2022 budget, which amounts to P5.024 trillion, is equivalent to 22.8% of the gross domestic product and is higher by 11.5% than the 2021 national budget, the DBM said.Malacañang has assured that preparations for the proposed 2022 budget would remain unhampered even if DBM Secretary Wendel Avisado is on medical leave to recover from his bout with COVID-19. headtopics.comRead more: Inquirer »
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