By Prince Golez
President Rodrigo Duterte has approved the proposed P4.506-trillion budget for 2021, the Department of Budget and Management (DBM) announced Sunday.
In a press statement, the DBM said Duterte made the approval during a special meeting with the Development Budget Coordination Committee last July 30.
Next fiscal year’s (FY) budget, according to the department, is 9.9 percent higher than the present budget, equivalent to 21.8 percent of gross domestic product.
“The proposed 2021 budget aims to sustain government efforts towards effectively responding to the Covid-19 (coronavirus disease) pandemic by focusing government spending on improving our healthcare systems, ensuring food security, increasing investments in public and digital infrastructure, and helping communities cope and prevail in these trying times,” it said.
The DBM also assured that every peso of the proposed budget went through “numerous budget hearings and consultations with the agencies, and levels of scrutiny and approval.”
The FY 2021 National Expenditure Program and other budget documents, the budget agency added, will be finalized for submission to Congress before the 30-day Constitutional deadline.
Source: Latest Politics News Today (Politics.com.ph)
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