Marcos signs P5.268-trillion national budget for 2023

President Ferdinand “Bongbong” Marcos Jr. on Friday signed into law the P5.268 trillion national budget for 2023.

Both chambers of Congress ratified the bicameral version of the budget bill, which aims to fuel the administration's goals for economic recovery, on December 5.two to three items in the national budget. Senate finance panel chairperson Sonny Angara said the bicam-approved 2023 budget realigned funding to increase allocations for state universities and colleges, DepEd, infrastructure projects including bike lanes and specialty hospitals across the country, Libreng Sakay program, fuel subsidy, emergency employment, Assistance to Individuals in Crisis, Quick Response Fund, Department of Justice, Department of Interior and Local Government, and the Supreme Court.

In a statement, Angara said the signing of the 2023 national budget would ensure continuous delivery of service, including the "targeted ayuda," Pantawid Pamilyang Pilipino Program , medical assistance to low-income Filipinos, scholarships to students, assistance to public utility vehicle drivers and operators, subsidies for the farmers and fisherfolk, and increase of the pension for the indigent senior citizens.

Source: Law Daily Report (lawdailyreport.net)

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