Education, public works get top shares in draft 2024 budget

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The education sector is expected to get the largest chunk of the proposed P5.768-trillion national budget for next year at P924.7 billion, while the public works sector is gunning for P822 billion. | JMAurelioINQ RonWDomingoINQ /PDI

Next year’s allocation for the education sector includes P51.1 billion for the Universal Access to Quality Tertiary Education Program, P41 billion for education assistance and subsidies, P33.8 billion for basic education facilities, and P12 billion for textbooks and other instructional materials.

Speaker Ferdinand Martin Romualdez, who received the proposed NEP on behalf of the lawmakers, thanked the Department of Budget and Management for its early transmission, as it was submitted in less than 10 days since Congress opened its regular session last July 24. This includes P101.5 billion for the National Health Insurance Program, P23 billion for the Health Facilities Enhancement Program, P22.3 billion for medical assistance to indigent and financially incapacitated patients, and P20 billion for public health emergency benefits and allowances for health care and non-health-care workers.

Source: Education Headlines (educationheadlines.net)

 

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