PBBM at ilang miyembro ng gabinete, nagpulong para balikan ang 2025 budget na aprubado ng bicam | Unang Balita - video Dailymotion

GMA Integrated News

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00:00Just a week before the new year, the 2025 budget approved by the Congress has not yet been signed.

00:08This will be left to some experts because they say it's bad for the economy if the 2024 budget is still followed for 2025.

00:17The explanation and discussion of Malacanang in the first news, Sandra Aguinaldo.

00:22To President Bongbong Marcos himself, the Executive is revising each item in the national budget to see what is the priority and not in the budget that was approved in the BICAM.

00:39The President also helped Finance Secretary Rolf Recto, Budget Secretary Amena Pangandaman, Public Works Secretary Manuel Bonoan,

00:47NEDA Secretary Arsenio Balisacan, and Executive Secretary Lucas Bersamid.

00:52This is followed by the approved budget, including the allocation of the largest allocation to the Department of Public Works and Highways,

01:01instead of the Education Sector, which violated the Constitution.

01:06The Department of Education also violated the budget, removing the subsidy in the field health,

01:11returning the controversial assistance to the Kapos Angkita Program or AKAP, and the funding of funds to the Congress.

01:18But in just eight days, the new year will come.

01:21That's why some experts in governance and economy are worried that if it will not be resolved, the re-enacted budget in 2025 is possible.

01:31This is the re-implementation of the budget used in the past fiscal year until the new budget is not passed.

01:37If the budget is re-enacted, the new projects that were not re-enacted will not be funded.

01:44That's why economist Emanuel Leico said it's not good for the economy.

01:50It's not right to say that the old budget should be re-enacted because the economic environment will change.

01:59We need a budget that meets the expected changes in the economy, changes in our trade relations next year.

02:10In a survey of the GMA Integrated News Research in 2001, 2004 and 2006, the government operated on a re-enacted budget for a whole year.

02:20A partial re-enacted budget was passed in 2003, 2005, 2008, 2009 and 2019.

02:28But Malacanang is confident that the 2025 national budget will be signed before the end of the year.

02:36Our target is that before the end of the year, the President will sign this and the President will issue a statement on this.

02:43The concerned Cabinet members will have a full briefing on the budget that will be signed by the President.

02:49According to Press Secretary Cesar Chavez, the re-enacted budget was not discussed in the President's meetings.

02:57The re-enacted budget was not discussed in the President's series of meetings because the President is saying that there is a budget that will be passed before the end of the year.

03:09Whatever the budget of 2025, it should be in line with the eight-point socioeconomic agenda of the President.

03:19The Palace has not given any other details on the items in the budget that could be vetoed by the President.

03:26This is the first news. Sandra Aguinaldo for GMA Integrated News.

PBBM at ilang miyembro ng gabinete, nagpulong para balikan ang 2025 budget na aprubado ng bicam | Unang Balita

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