Early enactment of 2023 budget eyed, possibly before Christmas

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House leaders have guaranteed the enactment of the proposed P5.268-trillion national budget for 2023 before the end of the current year, possibly even before Christmas.

“We have sufficient time, we will finally approve the budget before yearend. It is the most important tool in accomplishing the objectives of the President’s Agenda for Prosperity and his eight-point socio-economic development plan,” House Speaker and Leyte 1st district Rep. Martin Romualdez said in a statement Friday, Nov. 25.

This, despite the P215 billion worth of institutional amendments or realignments in the GAB that the House and the Senate must iron out before the harmonized budget measure is ratified and readied for President Ferdinand “Bongbong” Marcos Jr.’s signature. In looking forward to the enactment of the 2023 GAB, Romualdez said: “With this budget, which is the first full-year spending measure proposed by the President, we hope to sustain or even accelerate our economic growth, which should benefit all of our people.”

 

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