Gabinete, pinulong ni PBBM; Bawat item sa budget, binabalikan

yesterday

Walong araw na lang bago ang 2025, pero hindi pa pirmado ng pangulo ang inaprubahang national budget ng bicam. Pangamba ng ilan, mauwi ito sa reenacted budget na hindi makabubuti sa ekonomiya, ayon sa ilang eksperto.

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Transcript

00:00Only eight days before 2025, but the President has not yet signed the approved national budget of the BICAM.

00:07Some are worried that it will go back to the re-enacted budget that is not good for the economy.

00:12According to some experts, the decision of Sandra Aguinaldo will be a disaster.

00:21To President Bongbong Marcos himself,

00:24the Executive is revising each item in the national budget to see what is the priority and not in the budget that went to the BICAM.

00:33Today, the President helped Finance Secretary Rolf Recto,

00:37Budget Secretary Amena Pangandaman,

00:40Public Works Secretary Manuel Bonoan,

00:42NEDA Secretary Arsenio Balisacan,

00:45and Executive Secretary Lucas Bersamid.

00:48This is followed by the approval of the approved budget,

00:50including the allocation of the largest allocation to the Department of Public Works and Highways

00:56instead of the Education Sector, which violated the Constitution.

01:01Also, the revocation of the budget of the Department of Education,

01:04the removal of the subsidy to PhilHealth,

01:07the return of the controversial aid to Kapos Angkita Program or ACAP,

01:11and the funding of the Congress.

01:13But only eight days before the new year,

01:17some experts in governance and economy are worried that if it will not be resolved,

01:22the re-enacted budget in 2025 will be possible.

01:26This is the implementation of the budget used in the past fiscal year

01:30until the new budget is not passed.

01:33If the budget is re-enacted,

01:35the new projects that were not re-enacted will not be funded.

01:40Economist Emanuel Leico said this is not good for the economy.

01:45It is not right to say that the previous budget should be re-enacted

01:50because the economic environment will change.

01:54We need a budget that is in line with what we expect to change the economy,

02:01to change our trade relations next year.

02:05According to the GMA Integrated News Research,

02:08in 2001, 2004, and 2006,

02:12the government operated in the re-enacted budget for a whole year.

02:15There was a partial re-enacted budget in 2003, 2005, 2008, 2009, and 2019.

02:24But Malacanang is confident that the 2025 national budget will be signed before the end of the year.

02:31Our target before the end of the year is that the President will sign this.

02:35The President will issue a statement and the concerned cabinet members will have a full briefing on the budget that will be passed by the government.

02:44According to Press Secretary Cesar Chavez,

02:47the re-enacted budget was not discussed in the President's meetings.

02:52The re-enacted budget was not discussed in the President's series of meetings

02:58because the President is insisting that there is a budget that will be passed before the end of the year.

03:04Whatever the budget of 2025, it should be in line with the eight-point socioeconomic agenda of the President.

03:14The Palace has not given any other details about the items in the budget that the President could veto.

03:22For GMA Integrated News, Sandra Aguinaldo, Katutok, 24 Hours.

03:34For GMA Integrated News, Sandra Aguinaldo, Katutok, 24 Hours.

Gabinete, pinulong ni PBBM; Bawat item sa budget, binabalikan | 24 Oras

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