Next year’s budget to focus on Marcos’ priority sectors - BusinessWorld Online

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The Proposed P5.268-trillion national budget for 2023 will focus on the Marcos administration’s top priorities such as education, health, infrastructure, social safety nets, and agriculture, Budget Secretary Amenah F. Pangandaman said on Tuesday. READ:

During the post-State of the Nation Address economic briefing, Ms. Pangandaman said the Department of Budget and Management is still finalizing the proposed General Appropriations Act which will be submitted to Congress on Aug. 22.

“Our budget will support our medium-term fiscal framework and the eight-point agenda… First, of course, is funding for education. It is the top priority, as mandated by the Constitution,” Ms. Pangandaman said. “As directed by the President, we shall continue with the ‘Build Build Build,’ and expand it further,” Ms. Pangandaman said, adding that spending on infrastructure is seen to reach P2 trillion by 2028.

“In an executive order issued by President Duterte before he left office, he specified some of the items that are now going to be assigned to LGUs. These are not really new items… except that there are some items that should not be there in the first place,” he said.

Source: Education Headlines (educationheadlines.net)

 

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