Proposed P5.268-T national budget for 2023 hurdles House

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Amid runaway prices of basic goods and an uncertain economic future, the House of Representatives passed on third and final reading Wednesday night, Sept. 28, the biggest annual spending plan in the country’s history.

Hurdling the 311-strong lower chamber was the 2023 General Appropriations Bill , also known as House Bill No.4488. Worth a record P5.268 trillion, it will be the first full annual budget of President Ferdinand “Bongbong” Marcos Jr.’s administration.

The back-to-back passage of the GAB will also serve as the final acts of the House ahead of its scheduled recess from Oct. 1 to Nov. 6, 2022. After five weeks of marathon deliberations with every government agency backdropped by a continuously depreciating peso, the House is now ready to submit the spending plan to the Senate.

During the individual amendments stage, Dalipe moved for the creation of a small committee that would incorporate the House members’ proposed realignments to items in the GAB.

 

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